Question 115

The cost price of a chair is 25% less than the cost price of a table. If a man sells 5 chairs at the cost price of 7 tables, then what is his profit percentage?

Solution

Let cost price of a table = Rs. $$100$$

=> Cost price of a chair = $$100-(\frac{25}{100}\times100)=Rs.$$ $$75$$

Now, S.P. of 5 chairs = C.P. of 7 tables

=> S.P. of 1 chair = $$\frac{7}{5}\times100=Rs.$$ $$140$$

$$\therefore$$ Profit % = $$\frac{(140-75)}{75}\times100$$

= $$\frac{260}{3}=86.66\%$$

=> Ans - (C)

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