Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • NCERT
  • An article was sold for Rs 250 with a profit of 5%. What was its cost price?

  An article was sold for Rs 250 with a profit of 5%. What was its cost price?

Answers (1)

best_answer

We have,
SP = Rs 250
Profit = 5%
CP =?

Therefore, 
SP = CP (1+\frac{profit\%}{100})
put the values in the above equation, we get

\\\Rightarrow 250 = CP (1+\frac{5}{100})\\ \Rightarrow 250 = CP\times \frac{21}{20}\\
CP = \frac{250\times 20}{21} = 238.095 

Posted by

manish

View full answer

Similar Questions

Latest Question