Question

a dealer gets 56 rs 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


Please give me answer step by step

Answer 1

Let Cp=₹x
Sp with 15%gain=₹115x/100
Sp with 8 %gain=₹108x/100
It is saying if it's sell at 15% gain he will get 56 more
Means difference between these two percent are 56

a/q
115x/100-108x/100=56
7x/100=56
x=56×100/7
x=₹800
CP=₹800
thanks
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