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

Asked by haseenashereef600 | 1st Feb, 2019, 07:54: PM

Expert Answer:

Selling price = Rs 250
Profit = 5 %
Profit (%) = (SP-CP)/CP x 100
5 = (250-CP)/CP x 100
105CP = 25000
CP = Rs 238

Answered by Science Mate | 1st Feb, 2019, 08:29: PM