3. An article was sold for 250 with a profit of 5%. What was its cost price.
Answers
Answered by
3
Step-by-step explanation:
selling price = Rs 250
profit = 5%
profit% = (sp- cp) /cp × 100
5 = ( 250 - cp)/ cp × 100
105cp = 25000
cp = Rs 238
Answered by
2
Answer:
Selling price of article =RS.250
profit =5%
cost price = x
SP=CP+CP× profit percentage /100
250=x+x×5/100
250=x+ x/20
21x=5000
x=Rs.238
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