Question

A shopkeeper sold a chair for Rs.240 and makes
a profit of 12%. What is the actual profit of the
chair.​

Answer 1

Answer:

S. P = Rs 240

P% = 12%

So, C.P

$= \frac{sp \times 100}{100 + p}$

$= \frac{240 \times 100}{112}$

$= \frac{1500}{7}$

Therefore, P = S.P - C.P

= 240 - 1500/7

$\frac{1680 - 1500}{7}$

$= \frac{180}{7}$

= 25.71