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Question
If akhil sold an article for ₹500 and gained 25% on it, find the cost price of the article
If akhil sold an article for ₹500 and gained 25% on it, find the cost price of the article
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Solution
the cost price of article be x,
And, Gain % = 25%
Gain = 25% of x =25x/100
Now, Sp = cp + Gain
500 = x + 25x/100
500 = 125x/100
500 × 100 = 125x
50000/125 = x
400 = x
Therefore, Cost price = x = RS 400
And, Gain % = 25%
Gain = 25% of x =25x/100
Now, Sp = cp + Gain
500 = x + 25x/100
500 = 125x/100
500 × 100 = 125x
50000/125 = x
400 = x
Therefore, Cost price = x = RS 400
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