Question

An article was sold for rs 300 with profit 25%, find cp

Answer 1

Let the CP be x
we know that,
Profit=SP - CP
=> Profit=300-x
Given, Profit%=25
As we know,
Profit%= (Profit/CP)*100
=>25=(300-x)/x*100
=>25x=30000-100x
=>125x=30000
Therefore, x=30000/125
So, the answer is Rs 240.