Question

An article was sold for Rs250 with a profit of 5%. what is its cost price. please tell in statement.​

Answer 1

Step-by-step explanation:

SP = 250

profit = 5%

CP = ?

profit = (SP - CP)/CP

⇒ 5/100 = (250-CP)/CP

⇒0.05×CP = 250 - CP

⇒ 0.05CP + CP = 250

⇒1.05 CP = 250

⇒ CP = 250/1.05 = Rs. 238.1

Cost Price is Rs.238.1

Answer 2

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