On selling a chair for Rs 720 a man loses 25% . What is the cost price ?
Answers
Answered by
0
Answer:
chair cost price 1200Rs
Step-by-step explanation:
S.P Rs270
Loss = 25%
C.P=S.P 100/(100-loss%)
C.P=(720*100)/75
C P=Rs 960
S P=0(100+gain profit )*960 /100
S P=(100+25)*960/100
S.P=120000/100
S.P= 1200
Answered by
1
Given :
- Selling Price = Rs. 720
- Loss = 20%
To find :
- the cost price of the chair
Formula :
- Cost Price when Loss is given.
→ Cost Price = 100/100 - Loss × Selling Price
Solution :
⇒ Let's find the Cost Price of the chair.
We know that,
→ Cost Price = 100/100 - Loss × Selling Price
= 100/100 - 20 × 720
= 100/80 × 720
= 100 × 720/80
= 100 × 72/8
= 7200/8
= 900
= Rs. 900
- Therefore, the cost price of the chair is Rs. 900.
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