By selling a chair for 522, a shopkeeper makes a profit of 16%. What is its cost price? About the author Delilah
Answer: Answer: Selling Price = Rs. 522 Profit % = 16 % Cost Price = ? We know that, Profit = Selling Price – Cost Price Let us assume selling price to be ‘x’ in this case. => Profit = 522 – x Profit % = ( Profit / CP ) × 100 => 16 % = ( 522 – x / x ) × 100 => 16 × x = ( 522 – x ) × 100 => 16x = 52200 – 100x => 100x + 16x = 52200 => 116x = 52200 => x = 52200 / 116 => x = 450 Hence the original Cost price of the chair was Rs. 450. Hope it helped ! Reply
Step-by-step explanation: Selling Price = Rs. 522 Profit % = 16 % Cost Price = ? We know that, Profit Selling Price Cost Price Let us assume selling price to be ‘x’ in this case. =>Profit= 522 – x Profit %= ( Profit/ CP) x 100 =>16 % = (522 – x/x) x 100 16 x x = (522 -x) x 100 the price would be 450 pls mark me as brain list Reply
Answer:
Answer:
Selling Price = Rs. 522
Profit % = 16 %
Cost Price = ?
We know that,
Profit = Selling Price – Cost Price
Let us assume selling price to be ‘x’ in this case.
=> Profit = 522 – x
Profit % = ( Profit / CP ) × 100
=> 16 % = ( 522 – x / x ) × 100
=> 16 × x = ( 522 – x ) × 100
=> 16x = 52200 – 100x
=> 100x + 16x = 52200
=> 116x = 52200
=> x = 52200 / 116
=> x = 450
Hence the original Cost price of the chair was Rs. 450.
Hope it helped !
Step-by-step explanation:
Selling Price = Rs. 522
Profit % = 16 %
Cost Price = ?
We know that,
Profit Selling Price Cost Price
Let us assume selling price to be ‘x’ in
this case.
=>Profit= 522 – x
Profit %= ( Profit/ CP) x 100
=>16 % = (522 – x/x) x 100
16 x x = (522 -x) x 100
the price would be 450
pls mark me as brain list