Question

An article was sold for rs 250 with a profit of 5% . What was it's cost price . Find it in another ways

Answer 1

Let cost price as x

$x + x \times \%5 = 250 \\ x + x \div 20 = 250 \\ x + 0.05x = 250 \\ 1.05x = 250 \\ x = 250 \div 1.05 \\ x = 238.09$