Question

find cost price if selling price =650 and profit=8​

Answer 1

We know that cost price = selling price - profit

cost price = selling price - profit% × cost price/100

cost price + profit% × cost price/100 = selling price

cost price(1 - profit%)/100 = selling price

cost price(100 + profit%)/100 = selling price

Also, cost price = selling price × 100/100 + profit% (on cross multiplication);

Here, selling price and loss% is known

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Answer 2

Given, selling price = 650

Profit = 8%

Cost price, CS = SP×100/100+Profit percentage

= 650×100/100+8

= 65000/108 = 601.85

Cost price = 601.85