Sachin sold 152 chairs and had a gain equal to the selling price of 52 chairs. What is his profit percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 52%.
He sold 152 chairs.
Profit = SP of 52 chairs.
Profit % = (Profit / Cost Price) × 100
Cost Price = SP of 152 chairs − SP of 52 chairs = SP of 100 chairs.
So, Profit % = (SP of 52 chairs / SP of 100 chairs) × 100
= (52 / 100) × 100 = 52%