Question

Sarita bought 8 chairs each of rupees 700 and sold it for rupees 18900 what was the percent of profit and loss​

Answer 1

Answer:

Profit percent = 237.5 %

Step-by-step explanation:

Solution,

C.P of total chairs = 8 * Rs 700

                              = Rs 5600

S.P of total chairs = Rs 18900

Since S.P > C.P, there is profit

Now,

Profit = S.P - C.P

         = Rs ( 18900 - 5600)

         = Rs 13300

Profit percent = (Profit / C.P) * 100 %

                       = ( 13300 / 5600 ) * 100%

                       = 2.375 * 100%

                       = 237.5 %