AN ARTICLE WAS SOLD FOR RS 250 WITH A PROFIT OF 5 PERCENT WHAT WAS ITS COST PRICE

Answers (1)

Assume the cost price of the article = CP

Given: Selling Price = 250

Profit = (SP-CP)x100/CP

        5 = (250-CP)x100/CP

      5 = 25000/CP - 100

CP = 25000/105

The cost price of the article CP = Rs 238.095

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