Answer:
Rs 500
Step-by-step explanation:
For cost c, the price that gives a 5% profit is ...
c + 5%·c = 1.05c
The price that gives a 5% loss is ...
c -5%·c = 0.95c
The difference of these prices is Rs 50:
1.05c -0.95c = 50
0.10c = 50 . . . . simplify
c = 500 . . . . . . . divide by 0.1
The cost price of the article is Rs 500.
