Question

find cp when sp =630 and profit% =5

Answer 1

sp= $630
profit=5%
cp= sp×100/100+profit%
cp= 630×100/105
cp= $600

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Answer 2

CP = Rs 600  if sp =630 and profit% =5

Step-by-step explanation:

CP  - Cost Price

SP - Sell Price

Let say  CP  =  Rs C

Profit = 5 %

5 % Profit  = ( 5/100) * C    =  C/20

SP = CP + Profit

=> SP = C + C/20

=> SP = 21C/20

SP = 630

=> 21C/20 = 630

=> C/20 = 30

=> C = 20 * 30

=> C = 600

CP = Rs 600

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