Question

$\text{A dealer gets Rs. 56 less if instead of selling a chair at again of}15\%,\text{it is sold at a gain of}8\%.\text{Find the cost price of the chair.}$

Answer 1

$\text{Let C.P of chair = Rs.100}\text{In the first case, gain}=15\%\text{then S.P. =Rs.100+15=Rs.115}\text{and n second case, gain}=8\%\text{then S.P.}=Rs.100+8=Rs.108\text{Difference=115-108=Rs.7}\text{If difference in Rs.7 then C.P = Rs.100}\text{and if difference ins Rs. 56 then}C.P=R.s\frac{100\times 56}{7}=Rs.800Ans.$