Given:
Number of chairs sold = 154
Gain = Selling Price of 54 chairs
Formula Used:
Solution:
Let the Selling Price (SP) of 1 chair be ₹1
Total SP of 154 chairs = ₹154
Gain = SP of 54 chairs = ₹54
So, Cost Price (CP) = SP – Gain = 154 – 54 = ₹100
Profit Percentage =
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