The cost price of the table is $40.
<h3>What is Gain ?</h3>
Gain is the amount gain by selling the product at a higher price than its cost.
Let the cost of the table is $ x
The percentage gain is x% (as given in the question)
Cost price = ?
It is known that
Step 1 : Gain = ( selling Price - Cost Price) * 100 / Cost Price
Selling price = 56
Cost Price = $ x
Therefore substituting the value
x = (56 - x) * 100 / x
x² = 5600 - 100x
x² +100x -5600 = 0
Step 2 : Factorizing
x² + 140x - 40 x -5600 = 0
x( x+14 ) -40( x +14) = 0
( x - 40)(x +14) = 0
x = $40
Therefore the cost price of the table is $40.
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It's approximately 0.0032
Attached solution and work.
Decimal: 0.72
Fraction: 18/25
