How to find compound interest, cost price,sale price. Don't want unwanted answers
Answers
Step-by-step explanation:
compound interest=principal (1+rate/100)^time
cost price=(100 X selling price)/100+profit%
sale price=((100+profit%)/100) X cost price
Step-by-step explanation:
Cost Price: The amount paid to purchase an article or the price at which an article is made is known as its cost price. The cost price is abbreviated as C.P.
Selling Price: The price at which an article is sold is known as its selling price. The selling price is abbreviated as S.P.
Profit
If the selling price (S.P.) of an article is greater than the cost price (C.P.), the difference between the selling price and cost price is called profit. Thus, if S.P. > C.P., then
Profit = S.P. – C.P.\\ S.P. = C.P. + Profit \\ C.P. = S.P. – Profit
Profit=S.P.–C.P.
S.P.=C.P.+Profit
C.P.=S.P.–Profit
The profit percent is the profit that would be obtained for a C.P. of Rs 100 i.e,
Profit\quad percent=\left( \frac { Profit }{ C.P. } \right) \times 100
Profitpercent=( profit/cp )×100