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:
This questions was previously asked in
SSC CPO 11th Dec 2019 Shift-2
Explanation:
- The cost price (CP) of the chair is Rs 3750.
- The person originally sold the chair at a profit of 13%.
- So, the selling price (SP) at 13% profit is given by:
SP = CP + 13% of CP
SP = Rs 3750 + (13/100) * Rs 3750
SP = Rs 3750 + Rs 487.50
SP = Rs 4237.50
- If sold for Rs 607.50 more, the new SP would be:
New SP = Rs 4237.50 + Rs 607.50
New SP = Rs 4845
- New profit percentage (x%), (New SP - CP)/CP * 100 = x
x = [(Rs 4845 - Rs 3750) / Rs 3750] * 100
x = (Rs 1095 / Rs 3750) * 100
x = 29.2%
- Option 4 - 29.2 is correct.
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By: santosh