Question

An article was sold for rupees 250 with a profit of 5%. What was its cost price ?
Full answer with explanation. ​

Answer 1

Answer:

₹5000/21 or ₹ 238.09

Step-by-step explanation:

GIVEN :

S. P = ₹250

PROFIT = 5%

C. P = S. P × 100/profit + 100

= 250 × 100/105

= 5000/21

= ₹ 5000/21

MORE INFORMATION :

IF PROFIT

S. P = CP × 100 + PROFIT/100

PROFIT = S. P - C. P

GAIN% = PROFIT /C.P × 100

IF LOSS

S. P = C. P × 100- LOSS/100

LOSS = C. P - S. P

LOSS% = LOSS / C. P × 100

HOPE IT HELPS YOU

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