Given:
Sold 150 chairs
Gain = Selling price of 90 chairs
Formula Used:
Profit percentage % =
Solution:
Let the selling price per chair be S
Total selling price = 150S
Gain = 90S
Cost price CP = 150S - 90S = 60S
Profit percentage % =
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60 Mins English English25 Questions50 Marks15 Mins English English100 Questions200 Marks60 Mins EnglishBy selling an article for ₹21, a dealer makes a profit of 20%. By how much should he increase his selling price (in ₹) so as to make a profit of 50%?
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An article was sold at ₹600, making a profit of 20%. The cost price of the article was
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