Mohan buys a chair for Rs. 150 and sells it for Rs. 160. Find his profit or loss per cent.

Explanation

Here C.P. of chair= Rs. 150
and S.P. of chair = Rs. 160
Profit= Rs. (160-150) Profit per cent = `("Profit" xx 100)/("Cost price")`
= `(10 xx 100)/(150)`