Question

A man bought 50 chairs at Rs 15 each. He sold them at Rs 17 each. Find his gain percent.
1 point
12%
12.5%
13.33%
14%​

Answer 1

50 chairs cost = 50×15

cost price =750

selling price = 50×17

= 850

gain percent = (sp-cp) × 100/cp

=( 850-750) × 100/750

= 100×100/750

=13.33%