Question

By selling an article, mahesh earned a profit to one-fourth of the price he bought it. If he sold it for Rs. 375, what was the cost price?
1. Rs. 281.85
2. Rs. 312.56
3. Rs. 360.43
4. Rs. 300.00

Answer 1

Correct Answer - Option 4 : Rs. 300.00

Given:

Selling Price of article = Rs.375 

Profit = 1/4 of Cost Price 

Formula used:

Profit = Selling Price - Cost Price 

⇒ Cost Price = Selling Price - Profit 

Calculation:

Let the cost price be = 4a 

⇒ Profit = 4a × 1/4 

⇒ a 

Profit = 375 - 4a 

⇒ a = 375 - 4a 

⇒ 5a = 375 

⇒ a = 375/5 = 75 

⇒ 4a = 4 × 75 = 300 

∴ The cost price of the article is Rs.300.