Question

I sold 1 kG sugar at $2 at 5%profit find cp of sugar

Answer 1

S. P of 1 kg sugar = $2
Profit = 5%
C.P of 1 kg sugar = sp×100 /(100+profit)
= 2×100/(100+5)
= 2×100/105
= 2×20/21
= 40/21
= 1.904761905
= $ 1.904