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 $8$%. Find the cost price of the chair.

Answer 1

Let the cost of chair is $x$

$(x+x\times \frac{15}{100})-(x+x\times \frac{8}{100})=56$

$\frac{7x}{100}=56$

$x=800$

cost price of the chair is $Rs.800$