Question

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

Answer 1

Step-by-step explanation:

selling price = Rs 250

profit = 5%

profit% = (sp- cp) /cp × 100

5 = ( 250 - cp)/ cp × 100

105cp = 25000

cp = Rs 238

Answer 2

Answer:

Selling price of article =RS.250

profit =5%

cost price = x

SP=CP+CP× profit percentage /100

250=x+x×5/100

250=x+ x/20

21x=5000

x=Rs.238

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