Question

if Sp=500
profit=20%
find cp

Answer 1

Here is your answer

CP =
$= \frac{500 \times 100}{100 + 20} \\ = \frac{50000}{120} \\ = 416.66$
Hope it helps you

Answer 2

Answer:

The cost price is Rs. 416.6

Step-by-step explanation:

Given :

Selling Price = Rs. 500

Profit = 20%

To find :

Cost price

Solution :

Here -

• CP = ??
• SP = 500
• P % = 20%

${\boxed{\sf\:{CP = \frac{100}{(100 + profit\%)} \times SP}}}$

⇒ CP = 100/(100 + 20) × 500

⇒ CP = 100/120 × 500

⇒ CP = 100/12 × 50

⇒ CP = 5000/12

⇒ CP = 416.6

Therefore, the cost price is Rs. 416.6