Question

write down the cp when sp=700,gain=40%​

Answer 1

Answer:

cp = (100/100+gain%)*sp

= 100/140*700

= Rs 500

Explanation:

according tp formula method

Answer 2

Answer:

cost price is RS. 420

Explanation:

if the selling price is 700 then the amount of profit will be 40 % that is

700*40/100=280.

if the profit is 280 and the selling price is 700. then the cost. price is

cp+profit=sp

i.e.

cp+280=700

cp= 700-280

cp=420.