Maths · Functions
Ram purchases a chair at and spent on its repair and 50 paise on cartage. If he
Ram purchases a chair at \( R s .70 \) and spent \( R s .17 \) on its repair and 50 paise on cartage. If he sold the chair at Rs.100 then his approximate margin of profit will be ?
- A. \( 13.30 \% \)
- B. \( 11.25 \% \)
- C. \( 12.5 \% \)
- D. 14.3\%
Step-by-step solution
Cost price = Rs.70 + Rs.17 + Rs.0.5 = Rs.87.5. Selling price = Rs.100. Profit = Rs.100 - Rs.87.5 = Rs.12.5. Profit percentage = (12.5 / 87.5) × 100 = (1/7) × 100 ≈ 14.3%. Hence answer is D.
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