A dealer gets $56 less if instead of selling a chair at a gain of 15%,it is sold at a gain of 8%.Find the cost price of the chair
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Original Gain % = 15%
Gain at 8% Less =$56 less
Therefore (15-8) 7% of SP is $56
Therefore 1% of SP = 56/7 = $8
Therefore SP = 8 x 100 =$800
The Cost Price of the Chair is $800
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