by selling a chair for RS 720 ,a trader gains 20percent find the cost of the chair
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Let, the cost price of chair be x
S.P. = x+(20% of x)
S.P. = x+(x/5)
S.P. = 6x/5
given that
S.P. = 720
according to question
6x/5 = 720
x = (720*5)/6
x = 600
Hence, cost price of chair is 600
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