Question

12. By selling a chair for 522, a shopkeeper makes a profit of 16%. What is its cost price?​

Answer 1

Answer:

SP=522

Profit=16% of 522

16 % of 522=16/100×522

=₹83.52

Cost price=522-83.52

=₹438.38

Answer 2

Answer:

(100 * 522)/ 100 + 16

(100* 522 ) / 116 = 450 ......,,,,,,,,,