Question

An article was sold for rupees 250 with a profit of5%, what was its cost price​

Answer 1

Given:-

☞ An article was sold for rupees 250 with a profit of5%.

To Find:-

☞ The Cost price When S.P and Profit percentage is given.

Solution:-

➠Selling price of article =RS.250

profit =5%

cost price = x

$SP = CP + CP × \frac{profit \: percentage}{100}$

$250 = x + x \times \frac{5}{100}$

$250 = x \frac{x}{20}$

$21x = 5000$

$x = 238$

Final Answer:-

☞ Therefore The Cost price of an Article is

₹238