A dealer gets Rs. 30 less if instead of selling a chair at a gain of 12% he sells it at a gain of 8%. Find the cost price of the chair.

Question

Philoid · Accepted Answer

Let × be the Cost Price of the chair.

SP of chair when sold at 12% gain = 112x/100

SP of chair when sold at 8% gain = 108x/100

Now, according to questions,

112x/100 – 30 = 108x/100

4x/100 = 30

× = (30 × 100) / 25

= Rs.750