Correct Answer - Option 2 : Rs. 237.50
Given:
The cost price of the article is 250 rupees and sold at a loss of 5%.
Formula used:
S.P = [(100 - loss%)/100] × C.P
Calculation:
The selling price of the article is
⇒ [(100 - 5)/100] × 250
⇒ (95/100) × 250
⇒ (95 × 5)/2
⇒ 237.50 rupees
∴ The required selling price of the article is 237.50 rupees.