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Question

By selling a chair for Rs.572, a man gains 30%. The cost price of the chair is:

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Solution

We have,
S.P=Rs. 572
Gain%=30%
C.P=?

We know that
Gain%=S.PC.PC.P×100

30=572C.PC.P×100

30C.P=(572C.P)×100

30C.P=57200100C.P

130C.P=57200

C.P=57200130=Rs. 440

Hence, this is the answer.

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