Given:
Number of chairs sold = 154
Gain = Selling Price of 66 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 = ₹66
So, Cost Price (CP) = SP – Gain = 154 – 66 = ₹88
Profit Percentage =
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