Question

by selling an article,akshay earned a profit equal to 1/4th of the price he bought it. if he sold it for Rs.375 find the cost price.

Answer 1

let the cp be rs. x

then profit = x/4
sp = rs.375
profit = SP-CP
x/4 = 375 - x
x/4+x = 375
5x/4 = 375
x = 375*4/5
x = 300

hence CP = rs. 300

Answer 2

The cost price is Rs.300.

Step-by-step explanation:

Given : By selling an article, Akshay earned a profit equal to 1/4th of the price he bought it. If he sold it for Rs.375.

To find : The cost price ?

Solution :

Let the cost price be Rs.x.

Akshay earned a profit equal to 1/4th of the price he bought it.

Profit is $P=\frac{x}{4}$.

The selling price is SP=Rs.375.

Profit = SP-CP

$\frac{x}{4}=375-x$

$\frac{x}{4}+x=375$

$\frac{5x}{4}=375$

$x=\frac{375\times 4}{5}$

$x=300$

Therefore, the cost price is Rs.300.

#Learn more

A machine cost rs 375. If it sold at a loss of 20%, what will be its cost price as percentage of selling price?

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