Question

An article was sold fort 250 with a profit of 5%. What was its cost price​

Answer 1

Answer:

Selling price of article =RS.250

profit =5%

cost price = x

$SP = CP + CP \times \frac{profit \: percenage}{100} \\ 250 = x + x \times \frac{5}{100} \\ 250 = x + \frac{x}{20} \\ 250 = x + \frac{ {x}}{20} \\ 250 = \frac{21x}{20} \\ 250 \times 20 = 21x \\ 5000 = 21x \\ x = 238$

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