Question

Find the CP when SP is 1596 and Gain percentage is 12

Answer 1

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Answer 2

Given :

SP = 1596

Gain % = 12

CP = ?

SOLUTION :

SP = (100 + Gain %) / 100 X CP

1596 = (100 + 12) / 100 X CP

1596 = 112 / 100 X CP

After Simplification

1596 = 28 / 25 X CP

28CP = 1596 X 25

28CP = 39900

CP = 1425

THEREFORE, CP = 1425