An article was sold for Rs 250 with a profit of 5% What was its cost price - Maths - Comparing Quantities

Question

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

Manasvi Bhat · Answer

Selling price = Rs 250
Profit = 5%
5% of 250 = (250*5) / 100
= 1250 / 100
= Rs 12 5
Cost price = Selling price - Profit amount
= 250 - 12 5
=237 5
Therefore, cost price was Rs 237 5

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