By selling a chair for RS.1430,a shopkeeper gains 10%.At what price did he buy it.
Answer is rs.1300,pls explain
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2
Step-by-step explanation:
suppose a shopkeeper buys a chair of rs 100 and he gets 10₹as profit, so he sells it for 110₹ .
when he sells product at rs 100 he gets 10 rs profit.
therefore, on selling product at rs 1430 =1430x10/110
=130
Therefore cost price of product= 1430-130=1300
Answered by
0
Selling Price = Rs. 1430
So, Cost Price = 1430 X {100 ÷ (100 + 10)}
= 1430 X 10/11
=1430/11
= Rs. 1300 (Ans.)
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