If profit is x% and cost price is cp find sp pls help mee
Answers
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Answer:
Step-by-step explanation:
Cost price (CP) is the price at which an article is purchased.
Selling price (SP) is the price at which an article is sold.
2. 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
3. Profit percentage and loss percentage
Profit percentage and loss percentage are always calculated on cost price unless otherwise stated.
In case of profit,
profit percentage
=
profit
×
100
cost price
selling price
=
cost price
+
cost price
×
profit percentage
100
=
cost price
(
100
+
profit percentage
)
100
cost price
=
100
×
selling price
100
+
profit percentage
Example: If an object is sold at a profit of
20
%
,
selling price
=
120
%
of cost price
In case of loss,
loss percentage
=
loss
×
100
cost price
selling price
=
cost price
−
cost price
×
loss percentage
100
=
cost price
(
100
−
loss percentage
)
100
cost price
=
100
×
selling price
100
−
loss percentage
Example: If an object is sold at a loss of
20
%
selling price
=
80
%
of cost price