Formula of cp when sp and profit percent is given
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"Answer: Let Profit = P, Selling Price = SP and Cost price = CP
We know, the % of Profit (P) = (Profit/Cost Price)/100.
Therefore Cost Price (CP) = (100 X Selling Price (SP))/ (100 + Profit %).
With this formula, the cost price can easily be calculated when the selling price and the profit % are given.
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