An article was sold for ₹250 with a profit of 5% . What is the cost price of the article?
Answers
Answered by
7
Answer:
Cost Price of the Article=Rs 238.95
Step-by-step explanation:
Selling Price of the Article=Rs 250
Profit percent =5%
Cost Price of the article= 250×100/100+5=25000/105=5000/21=238.95
Therefore, the cost price of the article is 238.95.
Answered by
4
Step-by-step explanation:
selling price = Rs 250
profit = 5 percent
profit (percent) = (SP-CP)/CP×100
5 = (250-CP)/CP×100
105CP = 25000
CP = Rs 238(Cost price)
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