Question

An article was sold for ₹250 with a profit of 5% . What is the cost price of the article?​

Answer 1

Answer:

Cost Price of the Article=Rs 238.95

Step-by-step explanation:

Selling Price of the Article=Rs 250

Profit percent =5%

Cost Price of the article= 250×100/100+5=25000/105=5000/21=238.95

Therefore, the cost price of the article is 238.95.

Answer 2

Step-by-step explanation:

selling price = Rs 250

profit = 5 percent

profit (percent) = (SP-CP)/CP×100

5 = (250-CP)/CP×100

105CP = 25000

CP = Rs 238(Cost price)