Question : A person sold a chair at a profit of 13%. Had he sold it for INR 607.50 more, he would have gained $x$%. If the cost price of the chair is INR 3750, then the value of $x$ is:
Option 1: 30
Option 2: 32
Option 3: 28.4
Option 4: 29.2
Correct Answer: 29.2
Solution :
Given: A person sold a chair at a profit of 13%. Had he sold it for INR 607.50 more, he would have gained $x$%.
The cost price of the chair is INR 3750.
Profit percentage = $\frac{\text{SP–CP}}{\text{CP}}\times 100$ where $SP$, $CP$ are the selling price and the cost price.
⇒ Profit percentage = $\frac{607.50}{3750}\times 100=16.2$%
The value of $x$ = 13% + 16.2% = 29.2%
Hence, the correct answer is 29.2.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
