Question

2. An article was sold for Rs 250 with a profit of 5%. What was its cost price?

Answer 1

Answer:

$\mathfrak\red{Question}$

An article was sold for Rs 250 with a profit of 5%. What was its cost price?

$\mathfrak\red{Given:-}$

S.P of the article = RS.50

Profit% = 5%

$\mathfrak\red{To\:Find}$

C.P. of the article.

•°• Let the C.P. of the article be x

$\mathfrak\red{Formula}$

To find C.P. the Formula to be used:-

C.P. = $\frac{100 \times s.p}{100 + gain}$

$\mathfrak\red{Solution}$

C.P = $\frac{100 \times 250}{100 + 5}$

$C.P. = \frac{100 \times 250}{105}$

C.P. = 238

•°• C.P. of the artice is Rs. 238