Class - 7
Maths
Chapter - 8
Q. 3. An article was sold for 250 with a profit of 5%. What was its cost price?
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Step-by-step explanation:
Assume the cost price of the article = CP
Given: Selling Price = 250
Profit = (SP-CP)x100/CP
5 = (250-CP)x100/CP
5 = 25000/CP - 100
CP = 25000/105
The cost price of the article CP = Rs 238.095
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