An article was sold for ₹250 with a profit of 5%. What was its cost price?

Selling Price 250

Profit =5%

We are given to find the cost price of articles .

First we find the profit

► Profit = 250/100 × 5

► Profit = 2.5×5

► Profit = 12.5

► Cost Price = 250-12.5

► Cost Price = 237.5

So, the cost price of the article is 237.5

Selling price of the article.

Profit percentage %.

To do:

We have to find the cost price.

Solution:

Let the cost price of the article be .

Profitpercent = SP-CP/CP × 100

5 = 250-x/x x 100

5x = (250-x) 100

x = (250-20) 20

x = 250 (20) - 20x

x + 20x = 5000

21x = 5000

x = 5000/21

x = 238

Therefore; cost price of the article is Rs 238

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