Given:
Ketan sold 151 chairs.
His gain is equal to the selling price of 51 chairs.
Formula Used:
Profit Percentage =
Solution:
Let the selling price of one chair be ₹SP.
Total selling price = 151 × ₹SP = ₹151SP.
Gain = Selling price of 51 chairs = ₹51SP.
Cost Price = Selling Price - Gain
Cost Price = ₹151SP - ₹51SP = ₹100SP.
Profit Percentage =
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