Question

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

Answer 1

Answer:

314.4578 unit

Step-by-step explanation:

Let, the chair's cost price is x

 :. x * 116% = 522        [Because the profit is 16%]

=> x = 522 * $\frac{100}{116}$ = 314.4578 unit.