Question

An article was sold for Rs.525 with a profit of 5% what was its cost price? give me a solution​

Answer 1

Step-by-step explanation:

Selling Price = ₹ 525

Profit of = 5%

$\rightarrow$ Cost Price = 100/(100 + P%) × SP

$\rightarrow$ Cost Price = 100/100 + 5 × 525

$\rightarrow$ Cost Price = 100/105 × 525

$\rightarrow$ Cost Price = 52500/105

$\rightarrow$ Cost Price = 500

The Cost Price is ₹ 500

Answer 2

Step-by-step explanation:

Given,

Selling Price of an article = Rs 525

Profit percentage = 5%

To Find :-

Cost price of an Article

Solution :-

Formula Used :-

C.P = $\sf\dfrac{100}{100+P\%}\times S.P$

Let's do :-

C.P = $\sf\dfrac{100}{100+5}\times Rs 525$

C.P = $\sf\dfrac{100}{105}\times Rs525$

C.P = $\sf\dfrac{20}{21}\times Rs525$

C.P = $\sf 20\times Rs25$

C.P = Rs500

Since , Cost price of the Article = Rs500