Formula to calculate the S.P when Gain and C.P is given
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Formula to calculate the S.P when Gain and C.P is given
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Answer:
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 ).
Answer:
Given:
Solution:
For profit,
Selling price is greater then Cost price.
》i.e. S.P. > C.P.
Hence, S.P. = C.P. + Profit.
Required formula is
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Extra information:
When,
S.P. < C.P.
Then, Loss = C.P. - S.P.