Question

By selling a chair for 30,a dealer makes a profit of 25%.Find what price did the dealer pay for it​?

Answer 1

S.P. = 30

Let the C.P. be x

ATP,

x+25*x/100=30

x+(x/4)=30

5x/4=30

5x= 120

x= 24

Therefore the dealer paid 24/-

Answer 2

Answer:

The Cost price of chair is Rs 24

Step-by-step explanation:

Solutions :-

Selling price = Rs 30

Profit = 25%

Find the Cost price of chair :-

C.P = (S.P × 100)/(100 + 25)

= (30 × 100)/(100 + 25)

= 3000/125

= 24

Hence,

The Cost price of chair is Rs 24