Multiple choice

A person sold a chair at a profit of 13%. Had he sold it for Rs. 607.50 more, he would have gained x%. If the cost price of the chair is Rs. 3750, then the value of x is:

  1. 30

  2. 32

  3. 28.4

  4. 29.2
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price is 3750. Initial profit is 13%, so profit = 0.13 * 3750 = 487.5. New profit = 487.5 + 607.5 = 1095. New profit percentage = (1095 / 3750) * 100 = 29.2%.

AI explanation

First, find the new profit amount by calculating 607.50 divided by 3750, which equals 0.162 or 16.2%. Adding this extra 16.2% to the original profit of 13% gives the total new profit percentage of 29.2%. The value of x is 29.2.

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