Question 46

If the cost price of 14 chairs is equal to the selling price of 10 chairs, then the gain percentage is

Solution

Let the cost price of one chair be Rs. 1, so 10 chairs sell for Rs. 14 while costing Rs. 10. The gain is Rs. 4 on a cost of Rs. 10. So the gain percentage is $$\frac{4}{10} \times 100 = 40\%$$.

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