Rupesh sold 153 chairs and had a gain equal to the selling price of 53 chairs. What is his profit percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 53%.
153 SP - 153 CP = 53 SP
100 SP = 153 CP
CP/SP = 100/153
Profit % = [(153 - 100) / 100] × 100 = 53%