Question

Gopal sold 152 chairs and had a gain equal to the selling price of 76 chairs. What is his profit percentage?

• A. 100%
• B. 105%
• C. 110%
• D. 95%

Answer 1

Answer:

A. 100%

Let the selling price of 1 chair = ₹S

Total selling price of 152 chairs
= 152S

Given:
Gain = Selling price of 76 chairs

$\text{Gain} = 76S$

Step 1: Find Cost Price

$\text{Cost Price} = \text{Selling Price} - \text{Gain}$
= 152S - 76S
= 76S
Step 2: Find Profit Percentage
$\text{Profit percent} = \frac{\text{Profit}}{\text{Cost Price}} \times 100$
$= \frac{76S}{76S} \times 100$
= 100%

Final Answer: Profit percentage = 100%