Question

An article was sold in₹ 250 at aprofit of 5%. What was cost price

Answer 1

SP of an article = ₹ 250
Profit = 5%

CP = {.100/(100+ gain%)×SP
= 100/(100+5)× ₹ 250
= 100/105× ₹ 250
=₹ 238.09

Answer 2

Answer:

Rs 238.10

Step-by-step explanation:

Profit = 5%

Selling Price = 100 + 5 = 105%

Selling Price = 105%

Selling Price = Rs 250

105% = Rs 250

1% = 250 ÷ 105 = Rs 50/21

100% = 50/21 x 100 = Rs 238.10

Answer: The cost price is Rs 238.10