Question
Download Solution PDFShyam bought a chair for ₹1,563 and spent ₹350 on its repairing. He sold it for ₹2,398. Find his profit percentage (correct to two places of decimals).
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) = ₹1,563
Repairing Cost = ₹350
Selling Price (SP) = ₹2,398
Formula used:
Profit Percentage = (Profit / Total Cost Price) × 100
Where, Profit = SP - (CP + Repairing Cost)
Calculations:
Profit = 2,398 - (1,563 + 350)
⇒ Profit = 2,398 - 1,913
⇒ Profit = 485
Total Cost Price = 1,563 + 350
⇒ Total Cost Price = 1,913
Profit Percentage = (485 / 1,913) × 100
⇒ Profit Percentage ≈ 25.35%
∴ Profit Percentage = 25.35%
Last updated on Jun 3, 2025
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