Question

how we will find cost price and profit when selling price and profit percent is given​

Answer 1

Step-by-step explanation:

Cost price is whatever you paid to obtain a good or service. It's variable and depends on many economic factors you have not listed here. Generally the idea is Qsupplied=Qdemanded, but even this assumes many factors that are far to simple for a dynamic economy.

For Selling Price(SP), you can use the following equation:

SP - cost = gross margin

You as a business person must determine the margin of profit, so if for example you want 30% margin of profit you plug into equation and then solve for SP, in other words you treat SP as a variable.

Answer 2

Answer:

heya mate.

if SP n P% is given

then

CP=SP×100/100+P%

(formula of CP)with this formula u can easily find out the CP

Profit=SP-CP

SP is already given n u get CP then u can find out Profit with this formula

hope it helps you