Question

The owner of a furniture shop charges his customers 15% more than the cost price. If a customer paid Rs. 9039/- for a sofa set. Then what is the cost price of the sofa set?

Answer 1

Answer:

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Answer 2

Answer:

The cost price of sofa-set (x) = 7860 ₹

Step-by-step explanation:

Provided that:

The owner of a furniture shop charges his customers 15% more than the cost price.

Let's consider, the cost price of sofa set = x ₹

And selling price of sofa set = 9039 ₹

Profit of seller (%) = 15%

So according to this condition;

$x + (15\% \: of \: x) = 9039 \: ₹ \\ or \: x + (x \times \frac{15}{100} ) = 9039 \: ₹ \\ or \: \frac{115x}{100} = 9039 \: ₹ \\ or \: x = 7860 \: ₹$

Hence we get the cost price of sofa-set (x) = 7860 ₹