Question

By selling a chair for 1,200, Rohan loses 20%. At what price should he sell it to earn a profit of 10%?

Answer 1

Answer:

Cost price of a chair is 1440

Loss of 10 percent

C.P.=

(100−Loss%)

S.P.×100

=

(100−10)

1440×100

=

90

144000

=Rs.1600

Hence, the shopkeeper bought the chair at Rs.1600.