If a chair sold for Rs.600 at the profit of 20%, then the original price of the chair is :

  1. Rs.580
  2. Rs.480
  3. Rs.540
  4. Rs.500
Anurag Mishra Professor Asked on 27th December 2015 in Maths.
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1 Answer(s)

Answer: (4) Rs. 500

Explanation:-
Let the original price of the chair be Rs. X

If a chair sold for Rs. 600 at the profit of 20%, 
Then, X x 120/100 = 600
 6 X/5 = 600
6 X = 600 x 5
 X  = 3000/6
X = 500

Then, the original price of the chair is Rs. 500.

Hence, the correct answer is option (4) Rs. 500.

Anurag Mishra Professor Answered on 28th December 2015.
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