2. Find CP when:
(a) SP = 360 and gain = 12.5%
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2
Answer:
CP=100/100+Gain percent×CP
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Gain = 12.5
CP = 100 × SP / 100 + gain •/•
= 100 × 360/100+12.5
= 100 × 360/112.5
= 36000/112.5
= 320
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