Question

S.p=208rs, profit percentage=4%. Find c.p

Answer 1

Refer to the attachment!

Answer 2

Given :

• Selling price is Rs 208 .
• Profit percentage is 4% .

To Find :

• The cost price .

Solution :

Let us suppose ,

→ CP = Rs x

Therefore the profit will be ,

→ Profit = SP - CP

→ Profit = 208 - x

Now we know that ,

→ Profit% = profit/CP * 100

Substituting the respective values ,

→ 4 = (208-x)/x * 100

→ 4 * x = (208- x)*100

→ 4x = 20800 - 100x

→ 100x + 4x = 20800

→ 104x = 20800

→ x = 20800/104

→ x = 200

Hence the cost price is Rs 200.

I hope this helps.