Question

an article was sold for rupees 250 with a profit of 5% what was its cost price

Answer 1

profit% = 5%
sp = 250

let cp=x

sp = cp + profit
= cp + 5% cp
= x + (5/100)x
250 = x (105/100)
250 x (100/105) = x = 238.09Rs

Answer 2

237.5 is the answer

Profit = 250×5÷100

= 12.5

Cost price = selling price _ profit

= 250 _ 12.5

= 237.5