Question

Find cp when sp is rs 6300 and gain is 5%

Answer 1

Answer:

5985

EXPLAINATION

• we know that cost price = selling price - profit
• First we have to find profit
• Profit= 6300×5/100
• = rs 315
• Now, Rs 6300-315
• = Rs 5985

So the CP is 5985

Answer 2

Solution!!

The selling price and profit percentage is given. We have to find the cost price.

SP = Rs 6300

Profit% = 5

We can calculate CP using just a single formula.

CP = $\sf \dfrac{SP\times 100}{100+\:Profit\: percentage}$

CP = $\sf \dfrac{6300\times 100}{100+5}$

CP = 630000 ÷ 105

CP = Rs 6000

Abbreviations used:-

CP → Cost Price

SP → Selling Price

More formulae:-

→ Profit = SP - CP

→ Loss = CP - SP

→ Profit% = (Profit/CP) × 100

→ Loss% = (Loss/CP) × 100