if SP is 20000 and profit is 60%. then find the CP?
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SP= 20000
Profit= 60%
CP= 100/100+profit% * SP
Cp= 100/100+ 60%* 20000
Cp= 100/160%* 20000
cp= 12500
I hope you get it...
to check whether correct or not Sp-Cp= profit
20000-12500= 7500
profit= 7500
profit%= 7500/12500*100= 60%
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