An article is sold for 525 rupees at a profit of 5%. Its cost price is ______
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Answer:
selling price = ₹525
cost price = 100/100 + profit% × Selling price
= 100/100+ 5% × ₹525
= 1/1 + 5% × ₹525
= 1/1 + 1 × ₹105
= ₹105/2
= ₹52.5
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