Question

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

Answer 1

Answer:

$\frac{100}{105} \times 714$

$680$

hope helpful

thank you

Answer 2

Answer:

The cost price of the article is Rs 680

Step-by-step explanation:

Here we have been given to find the value of the cost price when the selling price of the item is given to be Rs 714 and the profit that has been made is 5% of the cost price. Now as we know that the CP can be calculated by the following formula:

CP = SP - Profit

Let the CP be Rs m

∴ m = Rs 714 - 5 % of Rs m

⇒ m = Rs 714 - $\frac{5}{100}$ × m

⇒ m = Rs 714 - 0.05m

⇒ m + 0.05m = Rs 714

⇒ 1.05m = Rs 714

⇒ m = Rs 714 ÷ 1.05

⇒ m = Rs 680

The cost price is Rs 680.