A furniture seller sold a chair for Rs 4,200 with a profit of 5%. What was its cost price?
A) 3,360
B) 3,990
C) 4,000
D) 4,195
Answers
Answered by
5
Answer:
the cost price was 4000 option c
Answered by
6
Answer:
Option c - 4000
Step-by-step explanation:
Selling price is 4200
Profit is 5% on cost
Let cost price be X
Cost price + profit = selling price
X + 5% on X = 4200
X + 5X / 100 = 4200
105 X = 4200*100
X = 4000
__________________________________________
Profit :
1/4 on cost = 1/5 on sale
1/20 on cost = 1/21 on sale
4200/21 = 200
profit = 200
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