By selling a chair for ₹240, a shopkeeper loses 1/4 of it cost. If the chair is sold for ₹360, find the profit %.
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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.
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