Question

A man Earns 25% by selling a chair for rupees 545 find the cost price of chair

Answer 1

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Answer 2

Profit percent = Profit × 100 / Cost price

So, given Selling price = 545

Profit percent = 25%

Cost price = ?

put the values in formula

25 × cost price / 100 = profit ________1

profit = selling price - cost price

profit = 545 - cost price

put profit into equation 1, we get

25 × cost price / 100 = 545 - cost price

25 × cost price = 54500 - 100 cost price

25 × cost price + 100 cost price = 54500

cost price(25 + 100) = 54500

125 × cost price = 54500

cost price = 54500 /125

cost price = 436 rupees.

therefore, cost price of chair is 436 rupees.

Hope it helps.