There are many formulae for finding cost price, but it all depends on the type of question you get. For example,
- 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 ( when selling price and profit % is given )
- Cost price ( when selling price and loss % is given )
So, there are total 4 formulae for finding the cost price in a given question.
There are many formulae for finding cost price, but it all depends on the type of question you get. For example,
- 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 ( when selling price and profit % is given )
- Cost price ( when selling price and loss % is given )
So, there are total 4 formulae for finding the cost price in a given question.
