Question

An article was sold for rupees 250 with a profit of 5%. What is it's cost price? ​

Answer 1

Step-by-step explanation:

Let us use unitary method in this :-

Let the CP be 100

profit%=5%

profit=5% of 100

$= \frac{5}{100} \times 100$

= 5

SP= CP + Profit

=100+5

=105

When SP is 105 the CP = 100

When SP is 1 then CP= 100/105

When SP is 250 then CP =

$\frac{100}{105} \times 250 \\ \frac{25000}{105}$

238.09

Answer 2

Answer:

238

Step-by-step explanation:

Selling price of an article = Rs 250

Profit = 5%

Cost price = (100 x SP) / ( 100 + gain)

Cost price = (100 x 250) / 105

Cost price = (100 x 250) / 105

                  = 238

Hope it helps!