Answer:
Rs. 28,571.4
Step-by-step explanation:
Let
Cost price = x
Profit = 5% of x
= 0.05x
Selling price = Rs.30, 000
Profit = Selling price - cost price
0.05x = 30,000 - x
Collect like terms
0.05x + x = 30,000
1.05x = 30,000
x = 30,000/1.05
x = Rs. 28,571.428571428
Approximately,
Cost price = x = Rs. 28,571.4
