Question

9.By selling a chair for RS 1440 a trader gains 20% find the CP of the chair. 

Answer 1

Given ,
SP = ₹ 1440
Profit% = 20%
CP = ?
Using ,
CP = (SP*100)/100+Profit% = ( ₹ 1440*100)/100+20 = 144000/120 = ₹ 1200 .
Hence , The cost price is ₹ 1,200 .
Please mark it as BRAINLIEST .

Answer 2

Given, Selling price = 1440, Gain = 20%.

We know that Cost price = [100/(100 + Gain%)] * SP

⇒ [100/120] * 1440

⇒ 100 * 12

⇒ 1200.

Therefore, Cost price of the chair = 1200.

Hope it helps!