By selling a chair for rs 720,a trader gains 20%.Find the cost prize of the chair.
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please ask clearly I can't understand
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Answer:
Selling Price = Rs. 720
Profit % = 20%
Then find the Cost price...
The formula is S.P x 100/(100 + Profit %)
So, 72000/120
= Rs. 600
Thank you for letting me earn the points...
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