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 8%.Find the cost price of chair. give answer with statement and explain

Answer 1

Answer:

Cost Price of chair = Rs.800

Step-by-step explanation:

Let cost price be Rs x

When sold at 15% gain, Selling Price = x (1+15/100) = 1.15x

When sold at 8% gain, Selling Price = x (1+8/100) = 1.08x

The difference between the 2 selling price is Rs 56

1.15x - 1.08x = 56

0.07x = 56

x = 800