Question

An article was sold for rs 250 with aprofit of 5%.What was its cost price?

Answer 1

for finding cp we apply this formula
cp=sp*100/100+gainpercent
so now we put up the value
250*100/100+5percent
25000/105
cp=238.095(approx)

Answer 2

Answer:

238

Step-by-step explanation:

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