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Get Answers to all your Questions
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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