Question

SP=₹500, Gain=5%,Find the cost price

Answer 1

Hi ,

S.P = Rs 500

Gain = g = 5%

C.P = ?

C. P = ( S.P × 100 )/ ( 100 + g )

= ( 500 × 100 ) / ( 100 + 5 )

= 50000 / 105

= Rs 476.19

Therefore ,

C.P = Rs 476.19

I hope this helps you.

:)

Answer 2

Sp= 500
Gain=5%
We know that cp=sp×100/100+G
Cp=500×100/100+5
Cp=505