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
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.
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