Multiple choice

Ram on selling 33 chairs of wood obtains a profit equal to the selling price of 11 chairs of wood.What is his profit percentage?

  1. 48%

  2. 49%

  3. 50%

  4. 60%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let SP per chair = s, CP per chair = c. Profit on 33 chairs = 33s - 33c = 33(s - c). This equals SP of 11 chairs = 11s. So 33(s - c) = 11s, meaning 33s - 33c = 11s, so 22s = 33c, s/c = 33/22 = 3/2 = 1.5. Profit % = (s - c)/c = 0.5 = 50%.

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