A chair and a table cost rupees. If by selling the table at a profit of and a chair at a loss total profit of is made .what is the cost price of a chair
Given, cost of chair and table together
profit is made by selling the table at a profit of and the chair at a loss of
Let price of table and chair be and respectively .
Then , according to the question ,
……
profit is made by selling the table at a profit of and the chair at a loss of .
then ,
……
On solving the equations and we get ,
and ,
Hence , the cost price of the chair is.