Question

If a person sells an article for RS 400 gaining 1/4 of its cost price , then the cost price is what

Answer 1

I hope it is helpful for you

Answer 2

Let cp X

Profit = 1/4 of X

=X/4

Cp+profit =sp

X+X/4=400

5x/4=400

X=400×4/5

X=320

Cp = 320

Profit=X/4=80

Profit %=80/320×100%

=25%