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By selling an article, Michael earned a profit equal to one-fourth of the price he bought it. If he sold it for Rs. 375, what was the cost price?

Option 1)
Rs 315.25
Option 2)
Rs 300
Option 3)
Rs 312.50
Option 4)
Rs 350
Option 5)
Rs 281.75

Answers (1)

best_answer

Let CP = 100

$P = 100\times \frac{1}{4}=25$

SP = 125

Now 125% = 375

$CP=100\; ^{0}\! /_{0}=\frac{375}{125}\times 100=300$

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rishi.raj

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