Question

Find the profit or loss percentage if a shopkeeper bought a chair for Rs. 375 and sold it for Rs. 400 
(I) 20/3 %
(ii) 20/6 %
(iii) 15/2 %​

Answer 1

Answer:

CP = 375

SP = 400

CP<SP, hence, Profit

Profit = 400 - 375 = 25

Profit% = 25/375 ×100 = 1/15 × 100 = 1/3 × 20

= 20/3%

Answer: i) 20/3%