On selling 56 chairs, Mohan earns proﬁt equal to the selling price of 6 chairs. What is the proﬁt percentage? ?->(Show Answer!)

1. On selling 56 chairs, Mohan earns proﬁt equal to the selling price of 6 chairs. What is the proﬁt percentage?

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By: anil on 05 May 2019 02.04 am

Let cost price of a chair = Rs. $$x$$ and selling price = Rs. $$y$$ Profit on selling 56 chairs = Rs. $$56(y-x)$$ According to ques, => $$56(y-x)=6y$$ => $$56y-56x=6y$$ => $$56x=56y-6y=50y$$ => $$frac{y}{x}=frac{56}{50}$$ Let $$x=50$$ and $$y=56$$ Thus, profit % = $$frac{(y-x)}{x} imes100$$ = $$frac{(56-50)}{50} imes100$$ = $$6 imes2=12\%$$ => Ans - (C)

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