An identity was sold for rupees 250 with a profit of 5%. Find its cost price.
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Selling Price = Cost Price + profit
let C.P be x then,
250 = x + 5x/100
250 = x + x/20
250 =( 20x + x)/20
21x = 250×20
x= 250×20/21
x= Rs. 238.09
C.P =Rs. 238.09
let C.P be x then,
250 = x + 5x/100
250 = x + x/20
250 =( 20x + x)/20
21x = 250×20
x= 250×20/21
x= Rs. 238.09
C.P =Rs. 238.09
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