Question

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

Answer 1

Answer:

Selling price of article =RS.250

profit =5%

cost price = x

SP=CP+CP×

100

profit percentage

250=x+x×

100

5

250=x+

20

x

21x=5000

x=Rs.238

Answer 2

Step-by-step explanation:

Total cost = Cost of Article + Profit cost

= 250 + (5% of 250)

= 250 + (25/2)

= 250 + 12.5 = ₹ 262.5