Question

find CP when sp = 714 and profit of 5%​

Answer 1

Answer:

C.P = Amount- pricipal

Amount= pricipal (1+R/100)

complete the question for getting the answer

Answer 2

Answer:

The CP is Rs 680

Step-by-step explanation:

Here we have been given the respective selling price of the item to be Rs 714 and the profit that has been made is 5% of the total amount of the cost price. We have been asked to find the cost price of the article that has been sold. We know that the formula to find the cost price is as follows:

CP = SP -Profit

Let the cost price be Rs n

⇒ n = Rs 714 - 5% of n

⇒ n = Rs 714 - $\frac{5}{100} n$

⇒ n + 0.05m = Rs 714

⇒ 1.05n = Rs 714

⇒ n = Rs 714 ÷ 1.05

⇒ n = Rs 680

The cost price of the article is Rs 680