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

Dear Student

Selling price of an article = Rs 250

Profit = 5%

Cost price = (100 x SP) / ( 100 + gain)

Cost price = (100 x 250) / 105

Cost price = (100 x 250) / 105 = Rs. 238 (Approx)

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