Question

By selling an article for $250, a man makes a profit of 25%. what was the cost price of the article.

Answer 1

200 dollars

Explanation:

Let's say p equals the cost price of the article. Since the man made 25% profit, that means he got 100% of what he originally paid plus another 25% of what he originally paid. In other words, he sold the article for 125% of the original price. Converting that to a decimal we get:

250=p*1.25

Some simple division gets us a cost price of 200 dollars.