what is the formula of cost price if we have selling price and profit or loss made?
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Step-by-step explanation:
Formula to calculate cost price if selling price and profit percentage are given:
CP = ( SP * 100 ) / ( 100 + percentage profit).
Formula to calculate cost price if selling price and loss percentage are given:
CP = ( SP * 100 ) / ( 100 – percentage loss )
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Answer:
CP = ( SP * 100 ) / ( 100 + percentage loss/profit).
hope this helps u
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