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

S. P = Rs 240
P% = 12%
So, C.P = $\frac{sp \: \times 100}{100 + p}$

= $\frac{240 \times 100}{100 + 12}$

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

= $\frac{1500}{7}$
Therefore, P = S.P - C.P

= 240 - 1500/7

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

=$\frac{180}{7}$

= 25.71

Hope it helps...!!!

Answer 2

Answer:

Final Answer.

Step-by-step explanation:

Given,

Selling Price of the chair = Rs. 240

Profit percentage = 12%

Let, the Cost Price of the chair be x.

Then,

Profit = $\frac{12x}{100}$

and,

S.P = C.P + Profit

⇒ 240 = x + $\frac{12x}{100}$

⇒ 240 = $\frac{112x}{100}$

⇒ x = $\frac{240 X 100}{112}$

Therefore, the CP is Rs. 214.28.

To find,

Actual profit = SP - CP

                                    = Rs.(240 - 214.28)

                                    = Rs. 25.72

Hence, the final answer is Rs. 25.72.

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