If chairs are bought at Rs 1200 each and sold at Rs 1500 each, then what will be the profit percentage?

Options

A. 10
B. 15
C. 20
D. 25

Answer

To find the profit percentage when chairs are bought and sold, we can follow these steps:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- Cost Price (CP) of each chair = Rs. 1200
- Selling Price (SP) of each chair = Rs. 1500

### Step 2: Calculate the Profit
- Profit is calculated as:
\[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \]
- Substituting the values:
\[ \text{Profit} = 1500 - 1200 = 300 \]

### Step 3: Calculate the Profit Percentage
- Profit Percentage is calculated using the formula:
\[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \]
- Substituting the profit and cost price:
\[ \text{Profit Percentage} = \left( \frac{300}{1200} \right) \times 100 \]

### Step 4: Simplify the Calculation
- Simplifying the fraction:
\[ \frac{300}{1200} = \frac{1}{4} \]
- Now, multiply by 100:
\[ \text{Profit Percentage} = \frac{1}{4} \times 100 = 25 \]

### Final Answer
- The profit percentage is **25%**.

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