Sachin sold 153 chairs and had a gain equal to the selling price of 85 chairs. What is his profit percentage?
Given:
Sachin sold 153 chairs
Profit is equal to the Selling Price of 85 chairs
Need to find the Profit Percentage
Formula Used:
Profit = Selling Price (SP) – Cost Price (CP)
Profit % =
Solution:
From:
SP of 68 chairs = CP of 153 chairs
68 × SP = 153 × CP
Profit % =
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