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

Answer:

$250000

Solution

Selling price(SP)=$295000

profit percent=18%

Cost price(CP)=?

Now,

$cp = \frac{sp \times 100}{100 + profit \: percent} \\ \: \: \: \: = \frac{295000 \times 100}{100 + 18} \\ = \frac{29500000}{118} \\ = 250000$

hope this helps...

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