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 = x+8x100 = 108x100
When it is sold at a gain of 15%.
Then, selling price of chair = x+15x100 = 115x100
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;
115x100-108x100 = 567x100 = 56x = 56×1007 = 800
Therefore the cost price of chair is Rs.800.

  • 19
What are you looking for?