Question

a dealer gets rs 56 less if Instead of selling a chair at a gain of 15%,it is sold at a gain of 15%. it is sod at a gain of 8%. find the cost price of chair. give answer with statement.

Answer 1

Answer:

Cost Price of chair = Rs.800

Step-by-step explanation:

Let the cost price of chair be Rs. x

When sold at 15% gain, the selling price will be x * (1+15%) = 1.15x

When sold at gain of 8%, the selling price will be  x * (1+8%) = 1.08x

As the difference between the selling price is 56;

1.15x - 1.08x = 56

0.07x = 56

x = 800