an article was sold for 500 ruppes . and the profit was of 11.11 percent. find the cost price of the article. answer with step by step explanation
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Step-by-step explanation:
SP of the article=₹50
Profit percentage=11.11%
CP of the article=
CP×profit percentage=SP
CP×11.11/100=500
CP×1111/10000=500
CP=500×10000/1111
CP=450.45
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