Question

A chair was sold for Rs 588 at a gain of 5%. At what price it should have been sold to gain 20%. *​

Answer 1

SP of the chair: 588

gain : 20%

CP= (100 /100+gain) ×sp

CP=( 100/120). * SP

CP= 100/120×588

CP=490

490 IS THE COST OF CHAIR