Question

sp=1000 , profit=5% , cp =?

Answer 1

Cp = Sp×100÷100+profit %
Cp=1000×100÷105
Cp=100000÷105
Cp=20000÷21
Cp=₹952.38

Answer 2

We know,

CP = { 100 × SP / (100 + Profit%) }

Given Data »

SP = 1,000

Profit % = 5 %

∴ Cost Price

= { 100 × 1,000 / (100 + 5) }

= { 100 × 1,000 / 105 }

= { 20 × 1,000 / 21 }

= { 20,000 / 21 }

= 952 whole 8 / 21

≈ 952.38

Hence,

the Cost Price is 952 whole 8 / 21

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