an article was sold for 250 with a profit of 5%. what was irs cost price
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Let it's cost price be CP
ATQ(According to the question)
CP+5%of CP =250. that is the selling pri.
CP + 5/100×CP =250
CP +5CP/100=250
(100CP+5CP)/100=250
100CP+5CP=25000
105CP=25000
CP=25000/105=5000/21=238.09524
CP=238.09524 Rs
ATQ(According to the question)
CP+5%of CP =250. that is the selling pri.
CP + 5/100×CP =250
CP +5CP/100=250
(100CP+5CP)/100=250
100CP+5CP=25000
105CP=25000
CP=25000/105=5000/21=238.09524
CP=238.09524 Rs
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