Question

5. A man sells his house for

$295,000 at a
profit of 18% . What is the cast price of the house?​

Answer 1

$250000

Solution

Selling price(SP)=$295000

profit percent=18%

Cost price(CP)=?

Now,

`cp = (sp * 100)/(100 + profit \: percent) \\ \: \: \: \: = (295000 * 100)/(100 + 18) \\ = (29500000)/(118) \\ = 250000`

hope this helps...

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