Ram purchases a chair at Rs. 70 and spends Rs | vedclass

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Question

(D) The total cost price $(CP)$ is the sum of the purchase price,repair cost,and cartage.$CP = 70 + 17 + 0.50 = 87.50$ $Rs$.Selling price $(SP)$ = $10

Vedclass · Accepted Answer

$14.3$

Vedclass · Answer

(D) The total cost price $(CP)$ is the sum of the purchase price,repair cost,and cartage.$CP = 70 + 17 + 0.50 = 87.50$ $Rs$.Selling price $(SP)$ = $100$ $Rs$.Profit = $SP - CP = 100 - 87.50 = 12.50$ $Rs$.Profit percentage = $\left( \frac{	ext{Profit}}{CP} ight) 	imes 100$.Profit percentage = $\left( \frac{12.50}{87.50} ight) 	imes 100 = \frac{1}{7} 	imes 100 \approx 14.2857 \%$.Rounding to one decimal place,the approximate profit percentage is $14.3 \%$.

Ram purchases a chair at $Rs. 70$ and spends $Rs. 17$ on its repair and $50$ paise on cartage. If he sells the chair at $Rs. 100$,then his approximate profit percentage will be?

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