Question

An article was sold for rs 500 with a profit of 10%. What was it's Cost price

Answer 1

Solutions :-

Given :
Selling price of an article = Rs 500
Profit = 10%


Find the cost price of an article :-

C.P = (S.P × 100)/(100 + Profit)
= (500 × 100)/(100 + 10)
= 50000/110
= 454.54 (approx.)


Hence,
The cost price of an article = Rs 454.54