Question

if the difference between the s.p&c.p of an article is 240.if profit is 5percent then its c.p of an article is???

Answer 1

profit =5%=240
p%=(p/cp)×100
5/100=(240×100)/cp
cp=(240×100)×100/5
cp=24000×20
cp=480000rs
sp=480000+240
sp=480240