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  • 24-02-2024
  • Mathematics
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An article was sold for rupees 250 with a profit of 5%. what was its cost price?​

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  • 24-02-2024

Answer:

rupees 238.10

Step-by-step explanation:

We know that:

Selling price= 250

Profit percentage=5%

Use the equation

Cost price(C.P)=Selling price(S.P)/ (1+(Profit percentage/100))

Substitute

C.P=250/(1+(5/100))

C.P=250/(1+0.05)

C.P=250/1.05

Ans= rupees 238.10

Hope this helps!

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