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Baban sold 150 chairs and had a gain equal to the selling price of 90 chairs. What is his profit percentage?
Question

Baban sold 150 chairs and had a gain equal to the selling price of 90 chairs. What is his profit percentage?

A.

145%

B.

150%

C.

155%

D.

160%

Correct option is B

Given:

Sold 150 chairs

Gain = Selling price of 90 chairs

Formula Used:

Profit percentage % = GainCost Price×100\frac{\text{Gain}}{\text{Cost Price}} \times 100​​

Solution:

Let the selling price per chair be S

Total selling price = 150S

Gain = 90S

Cost price CP = 150S - 90S = 60S

Profit percentage % = 90S60S×100=150%\frac{90S}{60S} \times 100 = 150 \%​​

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