Question

a gift item was sold for 525 at a profit of 5%find the cost price of the gift item

Answer 1

500 cost price ofvitem

Answer 2

sp of gift = rs. 525
profit% = 5 %
cp of gift = SP x 100 / 100 - P%
               = 525 x 100 / 100 - 5
               =  525 x 100 / 95
               = 105 x 100 / 19
               =  10500 / 19
               =  rs. 552.63