Question

if the profit made by selling an article for 3150 is 5 percent find the cost price of the article
answer this question​

Answer 1

Answer:

105%=3150

1%=3150/105

100%=3150×100/105=30×100=3000

cost price=Rs 3000

Answer 2

Given :-

• Selling price = 3150
• profit percent = 5%

To Find :-

• Cost price of the article ?

Solution :-

we know the,

$\boxed{ \bold{cost \: price = \frac{selling \: price \times 100}{100 + profit \: \%} }}$

$\bold{: \implies \frac{3150 \times 100}{100 + 5} } \\ \\ \bold{: \implies \cancel\frac{315000}{105} } \: \: \: \: \: \: \: \: \\ \\ \bold{: \implies 3000 } \: \: \: \: \: \: \: \: \: \: \: \: \: \:$

hence, cost price of the article is Rs. 3000