Question

How to find the CP of any article

Answer 1

C.P. stands for Cost Price of the article.

Depending upon the situation, formula or method to find the cost price of an article differs.

Here are some most common cases:

1. When selling price ( SP ) is given with profit ( P ),

CP = SP - P

2. When SP is given with profit percentage,

Let the CP be ₹ x .

Profit = Profit % of CP

Now,

CP = SP - Profit

3. When marked price ( MP ), Discount ( D ) and Profit ( P ) is given,

CP = MP - ( D + P )