An article was sold at ₹252 with a profit of 5%. Find the CP
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An article was sold at ₹252 with a profit of 5%. Find the CP
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Answer:
Rs. 240.
Step-by-step explanation:
Selling Price: Rs. 252.
Profit% gained: 5%.
Let the cost price be: x.
Forming an equation, we get,
x + [x(5/100)] = 252
x + (x/20) = 252
{Taking LCM of 1 and 20, which is 20, we get...}
(20x + x)/20 = 252
21x/20 = 252
{Transposing 21/20 to RHS...}
x = 252(20/21)
x = 12(20)
x = 240
Hence, the Cost price is Rs. 240.
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