A chair is sold for ₹96 at 20% loss. The cost price of the chair is
Answer & explanation
Correct answer: option 1
Let C.P. be ₹a
ATQ,
⇒ Cost Price × 80% = Selling Price
⇒ a × 80% = 96
⇒ $\frac{4a}{5} = ₹96$
⇒ a = ₹120 = Cost price.
A chair is sold for ₹96 at 20% loss. The cost price of the chair is
Correct answer: option 1
Let C.P. be ₹a
ATQ,
⇒ Cost Price × 80% = Selling Price
⇒ a × 80% = 96
⇒ $\frac{4a}{5} = ₹96$
⇒ a = ₹120 = Cost price.