Question

If S.P. = Rs 2065, profit percent = 18%, find C.P.

Answer 1

The cost price of the product is Rs 1750.

Step-by-step explanation:

To calculate the cost price (C.P.) when given the selling price (S.P.) and the profit percent, we can use the following formula:

C.P. = S.P. / (1 + Profit Percent / 100)

Given an S.P. of Rs 2065 and a profit percent of 18%, we plug in the values:

C.P. = 2065 / (1 + 18/100)

C.P. = 2065 / (1 + 0.18)

C.P. = 2065 / 1.18

C.P. = Rs 1750

Therefore, the cost price of the product is Rs 1750.