Question

Find the C.P. of an article which is sold for Rs. 1470 at profit of 50/3%.

Answer 1

Selling Price in Percentage:

Profit = 5%

Selling Price = 100 + 5 = 105%

Find the cost price:

Selling Price = 105%

Selling Price = Rs 250

105% = 250

1% = 250 ÷ 105 = 50/21

100% = 50/21 x 100 = Rs 238

Answer: The cost price is Rs 238