Find the CP when SP is 1640, Profit is 5/2
Answers
Answered by
2
Answer: c.p= sp×100/100+ profit%.
= 1640×100/100+5/2.
= 164000×2/205 .
= 1600. so, c.p = 16000
Answered by
5
Cost Price = ₹1600
Step-by-step explanation:
GIVEN
Selling Price = ₹1640
Profit = 5/2
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TO FIND
Cost Price
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We know that,
Cost Price = ( Selling Price × 100 ) / ( 100 + Profit Percent )
Cost Price = ( 1640 × 100 ) / ( 100 + 5/2 )
Cost Price = 164000 / ( 100 + 2.5
Cost Price = 164,000 / 102.5
Cost Price = 1600
Cost Price = ₹1600
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IMPORTANT
When selling price and loss percent is give and we have to find the cost price
Then
Cost Price = ( Selling Price × 100 ) / ( 100 - Loss Percent )
When selling price and profit percent is give and we have to find the cost price
Then
Cost Price = ( Selling Price × 100 ) / ( 100 + Profit Percent )
If the profit percent is given and we have to find the selling price
Then
Selling Price = ( 100 + Profit% ) × Cost Price / 100
If the loss percent is given and we have to find the selling price
Then
Selling Price = ( 100 - Loss% ) × Cost Price / 100
When selling price and loss percent is give and we have to find the cost price
Then
Cost Price = ( Selling Price × 100 ) / ( 100 - Loss Percent )
When selling price and profit percent is give and we have to find the cost price
Then
Cost Price = ( Selling Price × 100 ) / ( 100 + Profit Percent )
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