Find the CP of this sum
Question
SP = ₹ 12
Loss = 4%
Answers
Answer:
Before, finding the answer let's find out on how we can find the answer.
Formula for C.P if Loss is there :
\sf \: c.p = \dfrac{s.p \times 100}{100 - loss }c.p=
100−loss
s.p×100
_____________________________
Given :
S.P = 12
Loss = 4%
To find :
Cost price
Solution :
\sf CP = \dfrac{SP \times 100}{100 - loss}CP=
100−loss
SP×100
\sf = \dfrac {12 \times 100}{100 - 4}=
100−4
12×100
\sf = \dfrac {1200}{96}=
96
1200
\sf = 12.5=12.5
Hence, the Cost Price is 12.5
Know more :
Formula for C.P if Loss is there :
\sf \: c.p = \dfrac{s.p \times 100}{100 - loss }c.p=
100−loss
s.p×100
Formula for C.P if Profit is there :
\sf \: c.p = \dfrac{s.p \times 100}{100 + profit}c.p=
100+profit
s.p×100
NOTE :
The Cost price should be more than the Sold price if it is loss.
The Cost price should be less than the Sold Price if it is Profit.