To find Cost Price when Profit% and Profit are known (WP-5: Profit)

If 16% profit on a mobile set is Rs.832. Find the cost price of the mobile set.

Given:

Profit = Rs.832
Profit % = 16%

To Find:

Original Price = Cost price (C.P)

Solution:

By using the Formula for Profit % involving Profit is

By just changing the position of Profit % and Cost price (C.P) we get

Now by putting values we get

Cost price (C.P) = `{\frac{Rs. 832}{16}}\times100`

Cost price (S.P) = Rs. 5,200

Thus the original price of the mobile is Rs. 5,200

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