Answer:
$250000
Solution
Selling price(SP)=$295000
profit percent=18%
Cost price(CP)=?
Now,
[tex]cp = \frac{sp \times 100}{100 + profit \: percent} \\ \: \: \: \: = \frac{295000 \times 100}{100 + 18} \\ = \frac{29500000}{118} \\ = 250000[/tex]
hope this helps...
Good luck on your assignment...
