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2015-01-10T15:01:16+05:30

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SP = 250
profit = 5%
CP = ?

profit = (SP - CP)/CP
⇒ 5/100 = (250-CP)/CP
⇒0.05×CP = 250 - CP
⇒ 0.05CP + CP = 250
⇒1.05 CP = 250
⇒ CP = 250/1.05 = Rs. 238.1 

Cost Price is Rs.238.1

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EASY STEP IS NOT THERE
which easy step?
2015-01-10T16:15:03+05:30
Let Cp=x
at profit 5% sp=105x/100
ATQ,'
105x/100=250
⇒x=250X100/105
⇒X=238.1

So the Cp is  Rs.238.1
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