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

Answer:

Let the C.P. be Rs.x

S.P. =Rs.30

Profit %=25%

Now, according to question-

x+25% of x=30

x+

100

25

x=30

⇒x+

4

1

x=30

⇒

4

5

x=30

⇒x=30×

5

4

=24

Hence the dealer paid Rs.24 for the chair

Answer 2

Answer:

simple

Let the C.P. be Rs.x

S.P. =Rs.30

Profit %=25%

Now, according to question-

x+25% of x=30

x+

100

25

x=30

⇒x+

4

1

x=30

⇒

4

5

x=30

⇒x=30×

5

4

=24

Hence the dealer paid Rs.24 for the chair