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

Answer:

24

Step-by-step explanation:

Let CP be x.

so

Profit=(25x)/100

=x/4                                                                           [Simplified]

SP=CP+Profit

=x+(x/4)

=(4x+x)/4                                                                   [Adding]

=(5x)/4

By question,

$\frac{5x}{4}=30\\ 5x=30 . 4\\x=\frac{120}{5}\\ =24$                                                         [SP=SP ; Multiplying ; Dividing]