Question

If a person sells a wooden furniture at 8%
profit against 8% loss, then he could had
earned Rs12 more. What is the cost price of
furniture?
​

Answer 1

Step-by-step explanation:

Let Cost Price (CP) = x

Then Selling Price(SP) if he sells at profit = x(1+8%) = 1.08x

and SP, if he sells at loss = x(1-8%) = 0.92%

Given, 1.08%-0.92% = Rs12

0.16x = Rs.12

⇒x = Rs.75.