Question

A man sold 280 chairs and had gain equal to selling price of 35 chairs. What is his profit percentage?

Answer 1

Answer: 14.28%

Step-by-step explanation:

According to the Question

Gain Percentage :-

${\implies\dfrac{35}{280 - 35}\times 100}$

${\implies\dfrac{35\times 100}{245}}$

= 14.28 %

Answer 2

Answer:

14.285%

Step-by-step explanation:

Let the price of a chair be x

S.P. = 280x

Profit = 35x

C.P. = 280x - 35x = 245x

Profit % = (35x/245x) * 100%

= (1/7) * 100%

= 100/7%

= 14.285%