what is the Cost price of
an article if it is
Sold at Rs 540 at the profit of 5%
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Step-by-step explanation:
we know,
profit%=(profit×100)/C.P
so, profit=(profit%×C.P.)/100
now,
S.P.=C.P.+profit
540=C.P.+ (profit%×C.P.)/100
540=C.P.+ (5×C.P.)/100
540=C.P.+C.P./20
540=21 C.P./20
C.P.=540×20/21
C.P.=180×20/7
C.P.=3600/7
C.P.=₹514.29
So. the Cost Price of the ariticle is ₹514.3(approx)
HOPE THIS WILL HELP YOU
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