Question

On selling a Sofa set for Rs. 21600, a dealer gains 8%. For How much did he purchase it?​

Answer 1

Answer:

From the question,

Dealer selling a sofa set for =Rs.21600= Selling price

He gain on selling =8%

Cost price of sofa set,

CP=Rs.{(100/(100+gain%))×SP}

={(100/(100+8))×21600}

={(100/108)×21600}

={2160000/108}

=Rs.20000