Question

a dealer gets 56 lessif if instead of selling a chair at a gain of 15 percent it is sold at a gain of 8 percent.Find the cost price of the chair?

Answer 1

let cp=100
now if 15% profit then = sp =115
if 8% profit then sp=108
then 115-108=7
7= 56
1=8
so 100=100×8=800rs cp