An article was sold for 250 with a profit of 5%. What was its cost price?
Answers
Answered by
2
Step-by-step explanation:
sp=250
profit % = 5%
sp= cp*(1+g%)
250=cp*(1+5%)=cp*(1+0.05)
250= cp*(1.05)
250/1.05=cp
cp= 238.1
Answered by
3
Answer:
Selling price = Rs 250
profit = 5%
Profit (%) = ( SP - CP) /CP × 100
5 = (250 - CP)/ CP × 100
105CP = 25000
CP = Rs 238.
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