Question

an article was sold for Rs 250 with a loss of 5% what was the cost price​

Answer 1

Given that:

• An article is sold for Rs. 250 at 5% loss.

To Find:

• What is the cost price of an article?

Formula used:

• CP = (SP × 100)/(100 - loss%)

Where,

• SP = Selling price
• CP = Cost price

Finding the cost price of an article:

ㅤ↠ㅤCP = (250 × 100)/(100 - 5)

ㅤ↠ㅤCP = 25000/95

ㅤ↠ㅤCP = 263 3⁄19

Hence,

• The cost price of an article is Rs. 263 3⁄19.