Question

a gift item was sold for 525 at a profit of 5% find the cost price of the gift item

Answer 1

cost price is 5250/53.if it is correct mark as brainliest answer

Answer 2

SP of an item = Rs 525
Profit = 5 %
CP = ?
Let CP be x.
Therefore 5 % of x = 525 -X
5X/100 =525 - X
5X /100 + X =525
(5X +100 X)/100 =525
105 X /100 =525
X =(525 ×100)/105
X = 500
Therefore th Cp =Rs 500