if the sales price is RS 672 and the profit is 5% find the cost price of the article
Answers
Step-by-step explanation:
cost price=sales price-profit
so, cost price= 672-5%of 672
=672-5/100*672
=672-33.6=638.4
so, ost price=₹638.4
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Answer:
Step-by-step explanation:
Cost Price:
Cost price is the complete sum of money that a manufacturer must spend to create a specific good or render a specific service.
cost price=sales price-profit
Selling Price:
The selling price of a good or service is the final cost to the seller, or what the buyer actually pays.A commodity or service in a specific amount, weight, or measurement can be exchanged. It is one of the most crucial things for a business to decide.It is significant since it determines whether or not it will survive.Sales of a product are directly impacted by its price.
Solution:
cost price=sales price-profit
so, cost price= 672-5%of 672
=672-5/100*672
=638.4
so, Cost price=₹638.4
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