A furniture dealer buys office chairs at ₹ 500 each and sells them for ₹ 650 each. ₹ 150
per chair is the extra money earned to meet business expenses and for future growth.
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Given, For 12 months, rate =6%
∴ For 4 months, rate = 6/12×4=2%
⇒ So value of chair =(600+2%of600)
=Rs.612
Chair is sold for Rs.765
so, gain ={(SP−CP)/CC×100}%
={( 765−612/612)}%
=25%
Hence, the answer is 25%.
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