Question

Aptitude Software Dev Trainee
ation 1 of 1 Section #1
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Question #4
Revisit
What is the cost price of the chair? 1. The selling price of the chair is _324 at profit of 8%. II. The profit is 12%.​

Answer 1

Answer:

300 = cp of chair

336 = sp when sold at 12% profit

Step-by-step explanation:

sp = 324/-

In terms of percentage,

let cp = 100%

Gain(g) = 8%

As we know, sp = cp + g

sp = 100% + 8℅

sp = 108%

108% -------- 324

112% -------- ?

100% -------- ?

(100/108) * 324 = 300(cp of chair)

(112/108) * 324 = 336(sp when sold at 12% profit)