Question

What is tha formula of finding cp if sp and profit/loss% is given?

Answer 1

formula=

$cp = \frac{100}{100 + gain\%} \times sp$

or

$cp = \frac{100}{100 + loss\%} \times sp$

I Hope that it will help you as it is correct formulae of findinig cp.

If it helps you please say me thankyou.

.•♫•ThankYou•♫•.

Answer 2

hi mate,

Answer:

Basic Definitions and Formulas

Cost price (C.P.): This is the price at which an article is purchased.

Selling price (S.P.): This is the price at which an article is sold.

Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred.

– C.P.

Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.

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.

Below is the list of some basic formulas used in solving questions on profit and loss:

Gain % = (Gain / CP) * 100

Loss % = (Loss / CP) * 100

SP = [(100 + Gain%) / 100] * CP

SP = [(100 – Loss %) / 100]*CP

The above two formulas can be stated as,

If an article is sold at a gain of 10%, then SP = 110% of CP.

If an article is sold at a loss of 10%, then SP = 90% of CP.

CP = [100 / (100 + Gain%)] * SP

CP = [100 / (100 – Loss%)] * SP

i hope it helps you.