Question

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

Answer 1

Answer: rs 238

Step-by-step explanation:Selling price = Rs 250

Profit = 5 %

Profit (%) = (SP-CP)/CP x 100

5 = (250-CP)/CP x 100

105CP = 25000

CP = Rs 238

Answer 2

Step-by-step explanation:

Sp = 250

profit = 5%

cp = ?

profit = (Sp - cp)/cp

5/100 = (250 - cp)/cp

0.05 × cp = 250 - cp

0.05cp + cp = 250

1.05cp = 250

cp = 250/1.05 = 238 rupees