Question

Pramod sold 154 chairs and had a gain equal to the selling price of 54 chairs. What is his profit percentage?

• A. 64%
• B. 59%
• C. 49%
• D. 54%

Answer 1

Answer:

D. 54%

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

Total selling price

For 154 chairs:
SP = 154

Given profit

Profit = SP of 54 chairs = 54

Cost price

$CP = SP - Profit = 154 - 54 = 100$
Profit %

$\frac{54}{100} \times 100 = 54\%$
Final Answer:

54%