Question
Download Solution PDFKetan sold 151 chairs and had a gain equal to the selling price of 51 chairs. What is his profit percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Ketan sold 151 chairs and had a gain equal to the selling price of 51 chairs.
Formula used:
Profit Percentage =
Profit = Selling Price of 51 chairs
Cost Price = Selling Price of 151 chairs - Profit
Calculation:
Selling Price of 151 chairs = S
Profit = Selling Price of 51 chairs =
Cost Price = Selling Price - Profit
⇒ Cost Price =
⇒ Cost Price =
⇒ Cost Price =
Profit Percentage =
⇒ Profit Percentage =
⇒ Profit Percentage =
⇒ Profit Percentage = 51%
∴ The correct answer is option (4).
Last updated on Jul 8, 2025
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