Question

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

Answer 1

Step-by-step explanation:

sp=250

profit % = 5%

sp= cp*(1+g%)

250=cp*(1+5%)=cp*(1+0.05)

250= cp*(1.05)

250/1.05=cp

cp= 238.1

Answer 2

Answer:

Selling price = Rs 250

profit = 5%

Profit (%) = ( SP - CP) /CP × 100

5 = (250 - CP)/ CP × 100

105CP = 25000

CP = Rs 238.

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