3 Views

Question : The cost price of a chair is 25% less than the cost price of a table. If a man sells 5 chairs at the cost price of 7 tables, what is his profit percentage?

Option 1: 33.33

Option 2: 45

Option 3: 86.66

Option 4: 96


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: 86.66


Solution : Let the cost price of the table be INR 100.
Cost price of a chair = INR 75
Cost price of 5 chair = 5 × 75 = INR 375
Selling price of 5 chair = cost price of 7 tables = 7 × 100 = INR 700
Profit = 700 – 375 = INR 325
Profit percentage = $\frac{325}{375}$×100 = 86.66%
Hence, the correct answer is 86.66.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books