By selling a chair for rs 522,a shopkeeper makes a profit of 16%. What

1.	By selling a chair for rs 522,a shopkeeper makes a profit of 16%. What is its coat price?
Answer» Answer: 450 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 ) × 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. I hope it helped u!!

By selling a chair for rs 522,a shopkeeper makes a profit of 16%. What is its coat price?

Answer»

Answer:

450

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 ) × 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.

I hope it helped u!!