A person sold a chair at a profit of 13%. Had he sold it for `607.50, he would have gained x%. If the cost price of the chair is `3750, then the value of x is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 29.2
| Understanding | Application |
| Tricks |
CP = 3750 3750 = 100% So 607.50 = 100/3750 × 607.50 = 16.2% |
| Now |
Total profit = 13 + 16.2 = 29.2 |