Question

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

Answer 1

sp=250
profit=5%
we know that
p=(si-cp)/cp×100
5÷100=(250-cp)/cp
cp=238.09
hopi it helps you

Answer 2

Selling price of an article = Rs 250

Profit = 5%

Cost price = (100 x SP) / ( 100 + gain)

Cost price = (100 x 250) / 105

Cost price = (100 x 250) / 105 = Rs. 238.09