Question

how to find cost price​

Answer 1

SP - Profit = Cost price

SP + Loss = Cost price

Answer 2

Cost Price

• Cost price is the total amount of money that it costs a manufacturer to produce a given product or provide a given service.
• Cost price is often considered sensitive information that the manufacturer wants to protect from both customers and competitors.

Cost Price and Selling Price

• Cost price (CP) is the price at which an article is purchased.

• Selling price (SP) is the price at which an article is sold.

Profit and Loss

• If selling price is more than cost price, profit(gain) occurs.

• If selling price is less than cost price, loss occurs.

In case of profit,

• profit = selling price - cost price

• selling price = cost price + profit

• cost price = selling price - profit

In case of loss,

• loss = cost price - selling price

• selling price = cost price - loss

• cost price = selling price + loss