Question

IF SP is 21600 profit is 8% find the cost price

Answer 1

Answer:

SP = CP + P% OF CP

21600 = CP + 8% OF CP

21600 = 108% OF CP

21600 = 1.08 CP

CP = 21600/1.08

= Rs 20,000

Answer 2

Answer:

CP + P% OF CP = SP

CP + 8% OF CP = 21600

100% OF CP + 8% OF CP = 21600

108% OF CP = 21600

108/100. * CP = 21600

1.08 CP = 21600

CP = 21600/1.08

CP = 20000

HENCE THE COST PRICE OF THE ARTICLE IS RS 20,000