Question

Find the cp when sp=$66520 and gain /=12/:

Answer 1

Profit = Selling price - cost price

and profit percent = profit/cost price *100:

Selling price = 66520

Let cost price =100

Add: gain       =  12

Selling price = 112

If selling price is 112, then  gain is 12

Hence if selling price is 66520, gain would be 66520/112 = 59393