Question

article sold at rupees 37 and gain 25% profit what is its cost price?

Answer 1

Hey,
Thanks for asking this question.

Lets suppose that cost price = X Rupees

So 25 % of X = X * (25/100)
= X/4

Now selling price = 37 Rupees

So, according to question,
X + (X/4) = 37

(5X/4) = 37
X = 37* (4/5)

So X = 29.6 Rupees

So the correct answer is that, cost price is 29.6 Rupees.


Hope this answer helps.

Answer 2

CP= 100
-----------×SP
100+profit

=100
---------×37
100+25

=100
---------×37
125

=29.6

Therefore, the cost price is 29.5