cost price=1300 and loss is 50 find sp.
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Answer:
The price, at which an article is purchased, is called its cost price, abbreviated as C.P. Selling Price:
Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).
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Step-by-step explanation:
we know that when CP is greater than SP, it is a loss .
To find SP we have to subtract loss from CP
CP-LOSS=SP
1300-50=SP
1250=SP
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