Find C.P. when S.P.=Rs. 40.60 and gain% =16%.
Question
Find C.P. when S.P.=Rs. 40.60 and gain% =16%.
Solution
To find the cost price (C.P.), we can use the formula:
C.P. = S.P. / (1 + (gain% / 100))
Given that the selling price (S.P.) is Rs. 40.60 and the gain% is 16%, we can substitute these values into the formula:
C.P. = 40.60 / (1 + (16 / 100))
Simplifying the expression inside the parentheses:
C.P. = 40.60 / (1 + 0.16)
C.P. = 40.60 / 1.16
Calculating the division:
C.P. ≈ 35
Therefore, the cost price (C.P.) is approximately Rs. 35.
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