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