The cost price of a chair is three times of the profit earned on selling the chair What is the appro...........

Quantitative Aptitude (MTS) Profit and loss

The cost price of a chair is three times of the profit earned on selling the chair. What is the approximate profit percentage

gained through the sale?

This questions was previously asked in

SSC MTS 20th July 2022 Shift-3

45%

33.33%

25%

20%

- The cost price (CP) of the chair is three times the profit (P) earned. This can be represented as CP = 3P.

- Let the selling price (SP) be CP + P.

- Since CP = 3P, replace CP in SP = CP + P with SP = 3P + P = 4P.

- The profit percentage is calculated as (Profit/Cost Price) × 100%.

- Substitute the values to get (P / 3P) × 100% = (1/3) × 100% = 33.33%.

- The correct answer is Option 2: 33.33%.

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