a dealer gets Rs.56 less if instead of selling a chair at a gain of 15%, it is sold at a gain of 8%. what is the CP of the chair?
Suppose the cost price of chair is x.
When it is sold at a gain of 8%.
Then, selling price of chair =
When it is sold at a gain of 15%.
Then, selling price of chair =
Now, according to the question, a dealer gets Rs.56 less if instead of selling a chair at a gain of 15%, it is sold at a gain of 8%
So we have;
Therefore the cost price of chair is Rs.800.
When it is sold at a gain of 8%.
Then, selling price of chair =
When it is sold at a gain of 15%.
Then, selling price of chair =
Now, according to the question, a dealer gets Rs.56 less if instead of selling a chair at a gain of 15%, it is sold at a gain of 8%
So we have;
Therefore the cost price of chair is Rs.800.