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what is the formula of cp and sp

by Dr. Rachel Cummings PhD Published 3 years ago Updated 2 years ago

CP = ( SP * 100 ) / ( 100 + percentage profit).4 days ago

Full Answer

What is the formula to calculate the cost of CP?

CP is computed by the following two basic CP formulas given in the image below: Formula 1: If we earn a profit while selling a product, we use the following CP formula. Cost price formula = Selling Price - Profit

What is the cost price formula when loss percentage and SP is given?

Cost price formula when loss percentage and SP is given is expressed as, Cost price formula = {100/ (100 – Loss%)} × SP. What Is the CP Formula When Selling Price and Profit Is Given?

What happens if C P = S P?

If C P = S P, then there is no profit or loss. Q.1. A shopkeeper bought an article at R s 50 and sold it with a profit of R s 5. Find the selling price of an article. Therefore, the selling price of the article is R s 55.

What is SP formula?

⇒ SP = (100+Profit% 100)×CP. 2. When loss% is given. ⇒SP = (100+Loss% 100)×CP.

What is the formula to find CP?

Cost price = Selling price − profit ( when selling price and profit is given ) Cost price = Selling price + loss ( when selling price and loss is given ) Cost price =100×Selling Price100+Profit%( when selling price and profit % is given )

What is the formula of CP and SP for Class 8?

Maths Formulas for Class 8 Profit (P) = S.P. -C.P. Loss (L) = C.P. – S.P. Where, C.P. is Cost Price and S.P is Selling Price. Value added tax = Tax charged – Tax paid.

What is the formula of SI and CI?

SI Formula. S.I. = Principal × Rate × Time. CI Formula. C.I. = Principal (1 + Rate)Time − Principal.

What is the formula of MP?

M.P. = [(100 + Gain%)/(100 – Discount%)] × C.P.

What is the formula of principal?

The formula for calculating Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.

When SP C.P. It is a condition of?

Answer– The formula for Profit is S.P. – C.P. If the selling price is lesser than the cost price, whatever difference you get between the two is the loss suffered. Similarly, Loss is C.P. – S.P. Always remember that you calculate profit or loss on the cost price.

What is the formula of compound interest for Class 8?

I=P(1+r)n−P=P((1+r)n−1).

Q.1. What is the cost price and selling price?

Ans: The cost price of an item is the amount spent to purchase it or the price at which it is manufactured. The selling price of an item is the pri...

Q.2. How do you calculate the selling price?

Ans: In the case of loss, the selling price is calculated as follows: selling price = cost price – loss In the case of profit, the selling price is...

Q.3. What is the difference between cost price and selling price?

Ans: The cost price is the amount we spend to purchase an item at its current price. Similarly, the selling price of an item is the price at which...

Q.4. What is the marked price?

Ans: The marked price is the price that the dealer has written on the article’s label. Sometimes the discounted price is offered by the seller. It...

1.What is the Significance of a Selling Price?

The selling price is the price that the buyer pays to buy a product or goods. This is a price above cost and includes a profit ratio. Cost of goods...

2.Why is the selling price an important factor?

Selling price is a key factor for consumers and sellers, because sales and demand for a product are highly dependent on it. Any product with a high...

3.How should the seller determine the selling price?

The selling price can also be called the standard price, market price or list price. Certain factors help institutions and traders determine the se...

4.What is the average selling price?

Average selling price is the number of products in a given category sold by different channels and markets. This price setting can also be used as...

5.What is the difference between the selling price and the listed price?

The cost price, also known as the list price, is the price the seller gives to the buyer, but the selling price is the price the seller actually re...

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