Question

By selling a chair for Rs.391, Ali suffers a loss of 15%. Find its Cost Price.

Answer 1

Answer:

Answer is ₹460.

Step-by-step explanation:

SOLUTION

Given,

S.P. of the chair = ₹391

Loss = 15%

Find,

Its cost price.

So,

₹391 = (1-15/100) × C.P.

=> ₹391 = 85/100 × C.P.

=> C.P. = ₹391 × 100/85

=> C.P. = ₹ 23 × 20

=> C.P. = ₹460

Hence,

the cost price of the chair = ₹460.

Answer 2

Step-by-step explanation:

Given :

Selling Price of chair = ₹391

Loss percentage of chair = 15%

Find :

The cost price of chair.

Solution :

$selling \: price \: = (1 - \frac{loss}{100} ) \times cost \: price$

$= > 391 = \frac{100 - 15}{100} \times cost \: price$

$= > 301 = \frac{85}{100} \times cost \: price$

$= > cost \: price \: = \frac{100}{85} \times 301$

$= > cost \: price \: = 23 \times 20$

$= > cost \: price \: = 460.$

Hence :

The cost price of chair is ₹460.

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