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10. Profit and Loss
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Q19 of 94 Page 134

A dealer gets 56 less if instead of selling a chair at a gain of 15%, it is sold at a gain of 8%. Find the cost price of the chair.

Let × be the Cost Price of Chair.


SP when chair is sold at gain of 15% = × + 15x/100 = 115x/100


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


115x/100 – 108x/100 = 56


7x/100 = 56


× = (56 × 100)/7


= 800


So, the cost price of Chair is Rs.800


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Questions · 94
10. Profit and Loss
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