Multiple choice

The cost price of a chair is Rs. 160 and selling price of a table is Rs. 240. If the selling price of chair will be equal to the cost price of total, then the profit after selling chair is 20%, what is profit on table?

  1. 16.66%

  2. 20%

  3. 22%

  4. 25%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Chair's CP = 160. Profit = 20%, so SP = 160 × 1.20 = 192. This equals the total CP. Table's SP = 240 (given as 'selling price of table' in question). Table's profit = (240 - 192)/192 × 100 = 48/192 × 100 = 25% (Note: The question phrasing is awkward but the math works out).

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