Question

an artical was sold for rs.250 with a profit of 5%.what was its cost price

Answer 1

Answer:

SP = 250

profit = 5%

CP = ?

SP = CP + (CP/100 × 5)

250 = CP + (CP/20)

250 = 21CP/20

5000 = 21 × CP

∴ CP = 238.1 Rs.

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