Question

if a salesman sells an article at RS 840 then he gets a profit of 5% what is the purchase price of the article

Answer 1

We have -

Selling Price = 840 rs

Profit = 5%

----------------

The Cost Price of Article = 840 - 840*[5/100]

= 840 - 4200/100

= 840 - 42

= 798 RS

Cp = 798 RS

Hope You understand

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