Question: A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit is percent is:
A
B
C
D
5 %
B
10 %
C
25 %
D
50 %
Note: Gain = (S.P of 250 chairs) - (C.P of 250 chairs)
`:.` (S.P of 250 chairs) - (C.P of 250 chairs) = S.P of 50 chairs
S.P of 200 chairs = C.P of 250 chairs
Let C.P of each article be tk 1
C.P of 200 chairs = tk 200
S.P of 200 chairs = tk 250
Gain % = `(50/200xx100)`% = `25`%