In case of gain on the selling of product.
Selling price is defined as
S. P= [1+ (Gain%/100)] × C.P
check if this is true
please tell me... it's very urgent
Answers
Answered by
4
Step-by-step explanation:
Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price. Marked price: This is the price marked as the selling price on an article, also known as the listed price. Discount or Rebate: This is the reduction in price offered on the marked or listed price.
Answered by
1
Step-by-step explanation:
Gain % = [(SP - CP)/CP] × 100
(SP - CP)/CP = Gain%/100
SP/CP - CP/CP = Gain%/100
SP/CP - 1 = Gain%/100
SP/CP = Gain%/100 + 1
SP/CP = [Gain% + 100]/100
SP = [100 + Gain%] × CP/100
Hence the statement is true
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