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)

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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