Question

By selling a chair for rupees 30,a dealer makes a profit of 25%. Find what price did the dealer pay for it.​

Answer 1

Step-by-step explanation:

Answer:

Cost Price of the chair is Rs. 24.

Step-by-step explanation:

Given :

Selling Price = Rs. 30

Profit % = 25%

To find :

The cost price of the chair

Solution :

SP = 30

P % = 25%

CP = ??

{\boxed{\tt\:{CP = \frac{100}{(100 + profit\%)} \times SP}}}CP=(100+profit%)100×SP

\begin{gathered}\implies{\tt\:{CP = \dfrac{100}{(100 + 25)} \times 30}} \\ \\ \implies{\tt\:{CP = \dfrac{100}{125} \times 30}} \\ \\ \implies{\tt\:{CP = \dfrac{3000}{125}}} \\ \\ \implies{\tt\:{CP = 24}}\end{gathered}⟹CP=(100+25)100×30⟹CP=125100×30⟹CP=1253000⟹CP=24

Cost Price = Rs. 24

\therefore∴ Cost Price of the chair is Rs. 24.