Question

by selling a chair for 30 rupees a dealer makes a profit of 25 percent find what price did the dealer pay for it?​

Answer 1

Step-by-step explanation:

given that selling price if a chair Sp= 30Rs

profit =( Sp-Cp)/Cp *100

25 =( 30 - Cp )/Cp *100

0.25 Cp = 30-Cp

1.25 Cp = 30

Cp = 30/1.25

Cp = 24

Answer 2

Step-by-step explanation:

Suppose cost price of the chair be x

then,Cost price=100/100+profit *selling price

x =100/100+25* 30

=100/125*30=24

So, cost price of the chair is 24 rupees.