Question Details

The cost price of a chair is 25% less than the cost price of a table. If a man sells 5 chairs at the cost price of 7 tables, what is his profit per cent?

Options

A

33.33

B

45

C

86.66

D

96

Show Answer

Correct Answer :

Option C

86.66

Solution :

The correct option is 86.66.

To find the profit percent, let us break down the relation between the cost prices and the selling prices step-by-step.

Step 1: Define the cost price of a table and a chair
Let the cost price (CP) of a table be T.
The cost price of a chair (C) is 25% less than the cost price of a table. Therefore, we can express the cost price of a chair as:
C=T-0.25T=0.75T
This means the total cost price of 5 chairs is:
Total Cost Price (CP)=5×0.75T=3.75T

Step 2: Determine the selling price of 5 chairs
According to the problem, the man sells 5 chairs at the cost price of 7 tables. Therefore:
Total Selling Price (SP)=7T

Step 3: Calculate the profit
Profit is the difference between the total selling price and the total cost price of the 5 chairs:
Profit=Total SP-Total CP
Substituting the values:
Profit=7T-3.75T=3.25T

Step 4: Calculate the profit percent
The profit percent is calculated based on the total cost price of the chairs:
Profit Percent=ProfitTotal CP×100
Substituting the expressions we found:
Profit Percent=3.25T3.75T×100
We can simplify the expression by canceling out T and rewriting the decimals as integers:
Profit Percent=3.253.75×100=325375×100
Reducing the fraction by dividing the numerator and the denominator by 25:
Profit Percent=1315×100=13001586.66%

Thus, the man's profit percentage is 86.66%.

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