Question

A chair was bought for 450 and sold 525 the gain percent is

Answer 1

Answer:

16.67

Step-by-step explanation:

solution

given

cost price of chair =450

selling price of chair=525

so as we all know the formula of profit

profit = sp -cp

         =525-450

         =75

now for profit %

we know the formula of profit %

P% = $\frac{P}{CP}$ X 100

      =75/450 X 100

     =16.67%