Question

CP if SP =$ 1180,Loss %=12.5%

Answer 1

Answer :-

• Cost Price = $1348.5 (approx).

Explanation :-

Given : Selling Price and Loss percent are $1180 and 12.5% respectively.

To Find : Cost Price.

Solution :

We know that,

C.P. = (100 × S.P.)/(100 - Loss%).

⇢ C.P. = (100 × 1180)/(100 - 12.5).

⇢ C.P. = (118000)/(87.5).

⇢ C.P. = (118000 × 10)/(875).

⇢ C.P. = (1180000)/(875).

⇢ C.P. = $1348.5 (approx.)

Therefore, C.P. = $1348.5 (approx.)

Some Related Formulae :-

• Gain % = (Gain / CP) * 100
• Loss % = (Loss / CP) * 100
• SP = [(100 + Gain%) / 100] * CP
• SP = [(100 – Loss %) / 100] * CP
• CP = [100 / (100 + Gain%)] * SP
• CP = [100 / (100 – Loss%)] * SP