By selling a chair for 240a shopkeeper gain 20% for how much should he sell it for gain 30%
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S.P = 240
P%=20%
C.P.=?
Step 1:::
Let C.P. be X
X+20/100*X=240
6x/5=240
6x=240*5
6x=1200
X=1200/6
X=200
So , we got the C.P. as Rs. 200
Step 2:::
C . P. = 200
P%= 30%
S.P.= c.p+p%
s.p= 200+30/100*200
s.p= 200+60
s.p= 260
So , the shopkeeper must sell it for Rs. 260
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