A chair was bought for Rs. 250 and was sold at Rs. 350. Calculate the profit percentage in this deal.
A chair was bought for Rs. 250 and was sold at Rs. 350. Calculate the profit percentage in this deal.
Profit = Selling Price - Cost Price = 350 - 250 = Rs. 100. Profit percentage = (Profit / Cost Price) x 100 = (100/250) x 100 = 40%.
Re-check your working by substituting the answer back into the original question.