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A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit percent is :
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- 20%
- 25%
- 50%
- 15%
Correct Option: B
As we know that ,
Gain = S.P. - C.P.
S.P. of 250 chairs – C.P. of 250 chairs = S.P. of 50 chairs
⇒ S.P. of 200 chairs = C.P. of 250 chairs
Gain = 250 - 200 = 50
| ∴ profit% = | × 100 = 25% | 200 |
We can find required answer with the help of given formula :
Here, p = 250, q = 50
| Profit% = | p - q |
| Profit% = | 250 - 50 |
| Profit% = | = 25% | 2 |
