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 | |||
7000 bricks were purchased for Rs.5,740. The cost of transportation of these bricks to construction sight was Rs.805. What was the overall cost per thousand bricks? | |||
| Right Option : A | |||
| View Explanation | |||
4/11 of a commodity was sold at a loss of 20% and the rest at a profit of 20%. The net gain is Rs. 120. The cost of the commodity is ____________ | |||
| Right Option : D | |||
| View Explanation | |||
Students / Parents Reviews [20]
I have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying
Yatharthi Sharma
10thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thAbhyas is good institution and a innovative institute also. It is a good platform of beginners.Due to Abhyas,he has got knoweledge about reasoning and confidence.My son has improved his vocabulary because of Abhyas.Teacher have very friendly atmosphere also.
Manish Kumar
10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
Aman Kumar Shrivastava
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 has been very good. When I was not in Abhyas whenever teacher ask questions I could not speak it confidently but when I came in Abhyas, my speaking skills developed and now I am the first one to give the answer of teachers question.
Upmanyu Sharma
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Hridey Preet
9thUsually we see institutes offering objective based learning which usually causes a lag behind in subjective examinations which is the pattern followed by schools. I think it is really a work of planning to make us students grab the advantages of modes of examination, Objective Subjective and Onli...
Anika Saxena
8thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
8thA 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
7thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
Aman Kumar Shrivastava
10thAbhyas academy is great place to learn. I have learnt a lot here they have finished my fear of not answering.It has created a habit of self studying in me.The teachers here are very supportive and helpful. Earlier my maths and science was good but now it has been much better than before.
Barkha Arora
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Cheshta
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Ayan Ghosh
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Barkha Arora
10thAbhyas 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
10thMy 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
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
8thWe started with lot of hope that Abhyas will help in better understnding of complex topics of highers classes. we are not disappointed with the progress our child has made after attending Abhyas. Though need to mention that we expected a lot more. On a scale of 1-10, we would give may be 7.
Manya
8thAbhyas is an institute of high repute. Yogansh has taken admission last year. It creates abilities in child to prepare for competitive exams. Students are motivated by living prizes on basis of performance in Abhyas exams. He is satisfied with institute.
