Question

By selling a chair for Rs.522 , a shopkeeper makes a profit of 16%. What is its cost price? Explain me how with step by step explanation.​

Answer 1

Answer:

here is the answer

Step-by-step explanation:

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Answer 2

Answer:

450

Step-by-step explanation:

Selling price = 522 rupees

Profit percentage = 16 %

Cost price = SP × 100 / 100 + PROFIT

= 522 × 100 / 100 + 16

= 52,200 / 116

= 450

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