Question

Ketan sold 151 chairs and had a gain equal to the selling price of 51 chairs. What is his profit percentage?

• A. 56%
• B. 46%
• C. 61%
• D. 51%

Answer 1

Answer:

D. 51%

Let the selling price (SP) of one chair = ₹1 (assume for simplicity)

Total SP of 151 chairs

$\text{Total SP} = 151$
Given profit = SP of 51 chairs:
$\text{Profit} = 51$

Find total Cost Price (CP)

$\text{Profit} = SP - CP$
$\Rightarrow CP = 151 - 51 = 100$

Profit percentage

$\text{Profit \%} = \frac{51}{100} \times 100 = 51\%$

Profit percentage = 51%