299 Views

Question : If 60 chairs are bought for Rs. 24,560, then how many chairs must be sold for Rs. 24,560 to earn a profit of 20 percent?

Option 1: 50

Option 2: 30

Option 3: 60

Option 4: 40


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

Correct Answer: 50


Solution : Cost price of 60 chairs = Rs. 24,560
Cost price of a chair = Rs. $\frac{24560}{60}$
Selling price of a chair after 20% profit = $\frac{24560}{60}\times \frac{120}{100} = \frac{24560}{50}$
Number of chairs sold in Rs. 24,560 =$\frac{24560}{\frac{24560}{50}}=50$
Hence, the correct answer is 50.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books