A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit percent is:

  • Option 1)

    5%

  • Option 2)

    10%

  • Option 3)

    25%

  • Option 4)

    30%

  • Option 5)

    50%

Answers (1)

CP of 250 chairs + SP of 50 chairs = SP of 250

CP of 250 chairs = Sp of 200 chairs 

P\; ^{0}\! /_{0}=\left ( \frac{50}{200} \right )\times 100=25\; ^{0}\! /_{0}

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