A shopkeeper bought an old chair for Rs.360 and then spent 25% of its cost price on repairs. If he sells it for a profit of Rs. 150, then find his profit percentage?
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C.P. = Rs.360
repairs= 360×25
100
=Rs.90
total c.p.= 360+90
=Rs.450
s.p.= 450+150
=Rs.600
therefore,
p.p.= 150 ×100
450
= 33⅓ %
Answered by
1
Answer:
The profit percentage is 33.33%
Cost of old chair =360
cost of repair= 25% of 360 = 25/100 *360 = 90
Total cost of chair after repair = 360+90= 450
profit on the chair = 150
selling cost of chair= cost of chair after repair + profit = 450 + 150= 600
profit % = selling cost - Total cost/ total cost. *100
= 600-450/450 *100
=150/450 *100
= 33.33
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