A store buys a chair for 250 and sells it for 300. What is the percentage profit? 15% 30% 25% 20%

To find the percentage profit, we need to calculate the profit made by the store and then express it as a percentage of the cost price.Step 1: Calculate the profit made by the store.Profit = Selling price - Cost priceProfit = 250 = 50 / $250) * 100 = 20%Therefore, the percentage profit is 20%.