Question

If Akhil sold an article for Rs. 500 and gained 25% on it, find the cost price

Answer 1

Let 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