Question

A shopkeeper makes a profit of 16% by selling a chair which she bought for rupees 450 at what price should he sell the chair​

Answer 1

Answer:

A shopkeeper makes a profit of 16% by selling a chair which she bought for rupees 450 at what price should he sell the chair

Answer 2

Answer:

Cost price = 450

To make 16% profit he should sell the chair at Selling price which is 16% more of 450.

i.e,

Selling price = Cost price + 16% of cost price

$= 450 + \frac{16}{100} \times 450 \\ \\ = 450 + \frac{16}{10} \times 45 \\ \\ = 450 + \frac{720}{10} \\ \\ = 450 + 72 \\ \\ = 522 \: rupees$

Therefore selling price should be Rs 522.