Question

By selling a flower vase for Rs. 567, a shopkeeper gains 8% . find its cost price.

Answer 1

Let, the cost price of flower base $=X$

Then, the selling price of flower vase$=108\%$ of $X$ $=\text{Rs.}567$

$\frac{108}{100}\times X=567$

$X=\frac{567\times 100}{108}=525$

So, the cost price is $\text{Rs.}525$