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    Question

    How many chairs must be sold for Rs. 25,600 to achieve a

    25% profit, given that 50 chairs were originally purchased for the same amount?
    A 32 Correct Answer Incorrect Answer
    B 45 Correct Answer Incorrect Answer
    C 40 Correct Answer Incorrect Answer
    D 25 Correct Answer Incorrect Answer

    Solution

    Cost price of each chair = (25,600/50) = Rs. 512 Let 'x' number of chairs are sold for Rs. 25,600 at a profit of 25% ATQ: (512 X x) X 1.25 = 25,600 Or, 640x = 25,600 Or, x = 25,600 ÷ 640 Or, x = 40

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