Given:
Number of chairs sold = 153
Gain = Selling Price of 78 chairs
Formula Used:
Solution:
Let the Selling Price (SP) of 1 chair be ₹1
Total SP of 154 chairs = ₹153
Gain = SP of 54 chairs = ₹78
So, Cost Price (CP) = SP – Gain = 153 – 78 = ₹75
Profit Percentage =
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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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