Question

Formula for finding Cp

Answer 1

Answer:

Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).

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Explanation:

Answer 2

Answer:

In case of Profit

Profit = Sp - Cp

Cp = Sp - Profit

In case of Loss

Loss = Cp - Sp

Cp = Loss - Sp

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