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.<br /><br />Step 1: Calculate the profit made by the store.<br />Profit = Selling price - Cost price<br />Profit = $300 - $250 = $50<br /><br />Step 2: Calculate the percentage profit.<br />Percentage profit = (Profit / Cost price) * 100<br />Percentage profit = ($50 / $250) * 100 = 20%<br /><br />Therefore, the percentage profit is 20%.