Question

By selling a flower vase for ₹567 a shopkeeper gains 8% find its Cost price

Answer 1

SP = Rs.576
gain%=8%
CP=  {(100+gain%)*SP}/100
Cp= [(100+8)*576]/100
   =108*576/100
    =622.08
The CP is RS.622.08

Answer 2

let cost price is ₹ z
we are to given
selling price =₹567
profit= z x 8/100
now
cost price= selling price -profit
. z= 567 - 8z/100
100z= 56700-8z
108z= 56700
z= 56700/108
z= 525

Hence the cost price is ₹525..