how to find the cost price: sp=$130 profit=20%
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Cost price = (130×100)÷120
=13000÷120=108.4
vkaggarwal:
can u elaborate this plssss
According to formula cost price equal to sell price ×100 uppon 100+ profite. ...put the value of it and calculate
if cost price is 100, sales price is 120. when sales price is 130, cost price is 130* 100/ 120 = 108.33
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let cost price = x, since profit is 20%, sales price = 1.2 x
1.2x = 130, hence x = 130/ 1.2 = $108. 33
1.2x = 130, hence x = 130/ 1.2 = $108. 33
can u elaborate this
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