Question

An article was sold for Rs 315 with a profit of 5%. What was its cost price?​

Answer 1

Answer:

Given,

SP of article = RS312

Profit = 5%

CP= ?

We know that,

CP=      100

    ------------------------- × SP

           100+profit%

CP=       100

    ------------------------- × 312

           100+5

CP=      100

    ------------------------- × 312

              105

CP= RS  297.14

Hope you understand

[100/100+profit%*S.P]