Ram purchases a chair at Rs., 70 and spent Rs . 17 on its repair and 50 paise on cartage. If he sold

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7.Profit and Loss

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Ram purchases a chair at $Rs.\, 70$ and spent $Rs$. $17$ on its repair and $50$ paise on cartage. If he sold the chair at $Rs.\, 100$ then his approximate margin of profit in $\%$ will be?

A

$13.30$

B

$11.25$

C

$12.5$

D

$14.3$

Solution

Total $CP = Rs .[70+17+0.5]= Rs .87 .50$

$SP = Rs .100$

Profit $\%=\frac{12.50}{87.50} \times 100=14.3 \%$

Standard 13

Quantitative Aptitude

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