Finding Cost Price
Finding Cost Price
To Find Cost Price when Profit/Loss percent is given: The procedure to find the cost price when profit/loss % is given is as follows:
Step I: We will assume the Cost Price to be x.
Step II: Then we find the Profit/Loss on the cost price
Strep III: We will equate the equation with the given Selling Price.
Step IV: We will solve for x.
Selling Price = Cost Price + Profit
Selling Price = Cost Price- Loss
Illustration 1: Mrs Rohana sold a dress for Rs 495 thus making a profit of 10%. Find the cost price of the dress and the profit ?
Solution: Let the Cost Price of the dress = x Rs.
Profit % = 10%
Profit = 10 % of x
Selling Price = Cost Price + Profit
4950 = 11x
x = Rs. 450
Hence, Cost price = Rs 450
Now, as we know that
Profit = Selling Price - Cost Price
Profit = 495 - 450
= Rs 45
Illustration 2: A man purchases two fans for Rs 2160. By selling one fan at a profit of 15 % and the other at a loss of 9 % he neither gains nor loses in the whole transaction. Find the cost price of each fan.
Solution: Let the C.P. of the first fant be Rs x. Then,
C.P. of the second fan = Rs(2160 - x)
As it is given that in the whole transaction, the man neither gains nor loses.
Gain on the sale of first fan = Loss in the sale of second fan
Dividing both sides by 3
So, C.P. of first fan = Rs 810
C.P. of second fan = Rs(2160 - x) = Rs (2160 - 810)
= Rs 1350
A second hand car was sold for Rs 190000, at a loss of Rs 85. Find the CP of the car. | |||
| Right Option : C | |||
| View Explanation | |||
A cow as sold Rs. 1980 with profit of 10% . What is the cost price of cow ? | |||
| Right Option : A | |||
| View Explanation | |||
A bicycle is sold at a gain of 12% had it been sold for Rs 100 more , the gain would have been 20% then C.P of the bicycle is? | |||
| Right Option : A | |||
| View Explanation | |||
Students / Parents Reviews [10]
My experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
Shivam Rana
7thAbhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
Manish Kumar
10thAbhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Om Umang
10thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
10thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
8thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thIt was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
Cheshta
10thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
