Multiple choice

Gaurav sold 250 tables and as a result his gain is equal to the selling price of 50 tables. Find his profit percent.

  1. 25%

  2. 30%

  3. 35%

  4. 40%

  5. 10%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Gain = SP of 50 tables. SP of 250 tables = CP of 250 tables + Gain. SP of 250 tables = CP of 250 tables + SP of 50 tables. SP of 200 tables = CP of 250 tables. Profit % = (Gain / CP) * 100 = (SP of 50 / CP of 250) * 100 = (50 / 200) * 100 = 25%.

AI explanation

Let S be the selling price of one table, so the total selling price is 250S and the given profit is 50S. This means the total cost price is 250S - 50S = 200S. Using the profit percentage formula, (50S / 200S) x 100 equals 25 percent.

Keep practicing — related questions