Correct option is A
Given:
Number of chairs sold = 152
Gain = Selling Price of 76 chairs
Formula Used:
Solution:
Assume Selling Price (SP) of 1 chair = ₹1 for simplicity.
Total SP of 152 chairs = ₹152
Profit = SP of 76 chairs = ₹76
Cost Price (CP) = SP – Profit = ₹152 – ₹76 = ₹76
Profit Percentage =