Question

an article was sold for rupee 250 with a profit of 5 percent what is it's cost price

Answer 1

SP of an article=250
profit=5%

CP={100/(100+gain%)×SP
={100/(100+5)×250
={100/105 ×250
=5000/21
=237.19.....

Answer 2

Sp= ₹250 and profit%= 5% so Sp=. ( 100+profit%/100)x Cp
= 100+5/100x 250
=105/100x 250
=262.5 Ans....