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Profit % Loss %

An article wa...

Question

An article was sold for $R s . 250$ with a profit of $5 %$ . Find cost price.

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Solution

Selling price of an article $= R s . 250$

Profit $= 5 %$

Cost price $= \frac{(100 \times S P)}{(100 + g a i n %)}$

Cost price $= \frac{(100 \times 250)}{105}$

Cost price $= \frac{(100 \times 250)}{105} = R s . 238.09$

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