Question

20% profit is made when a chair sells at Rs.60 what is the cost price of the chair?​

Answer 1

₹50 is answer for your question

Answer 2

C. P= Cost price.

S. P= Selling price

C.P = (S.P x 100) / (100 + (Profit percentage)

=60 x 100 / 100+20

= 6000/120

=50.

Therefore, the cost price of the chair is Rs. 50.

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