Question

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Q- An article was sold for rupees 250 with a profit of 5 percent . what was its cost price ??

Answer 1

hello

let the initial price be x

so according to question x +0.05x=250

1.05x=250

x=250/1.05

Rs 238.9

thanks

Answer 2

Selling Price [SP] = ₹ 250

Profit % = 5 %

We know, Cost Price [CP]

= 100 / (100 + Profit %) × SP

∴ Cost Price of the Article

= ₹ { 100 / ( 100 + 5 ) × 250 }

= ₹ { 100 / 105 × 250 }

= ₹ { 20 / 21 × 250 }

= ₹ { 5000 / 21 }

= ₹ 238 whole 2 / 81

≈ ₹ 238.09

Hence, the cost price of the article was ₹ { 5000 / 21 }

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