Question

An article was sold for Rs 500 with a profit of 25%. What was its cost price?

Also find the profit. ​

Answer 1

Answer:

CP = ₹400, P = ₹100.

Step-by-step explanation:

SP = ₹500

Profit = 25% of CP (Cost price)

SP = CP+P

Let CP be x.

x + 25% of x = SP = 500

x + 25x/100 = 500

x +x/4 = 500

Taking LCM,

(4x+x)/4 = 500

5x/4=500

x = (500*4)/5

x=100*4 = 400

Therefore, cost price = ₹400.

Profit = ₹100.