Profit and Loss Practice Test 9

Question : 32 of 40

Marks: +1, -0

The difference between SP and CP of a chair is Rs 96, when it is sold at a loss of 12%. Find the selling price of the chair.

Solution:

12% loss on CP = Rs 96

CP = 96×100/12

CP = Rs 800
SP = 800 - 96 = Rs 704

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