{"id":81285,"date":"2024-02-20T08:08:49","date_gmt":"2024-02-20T02:38:49","guid":{"rendered":"https:\/\/ccssmathanswers.com\/?p=81285"},"modified":"2024-02-20T14:29:15","modified_gmt":"2024-02-20T08:59:15","slug":"calculate-cost-price-using-sell-price-and-profit-percent","status":"publish","type":"post","link":"https:\/\/bigideasmathanswers.com\/calculate-cost-price-using-sell-price-and-profit-percent\/","title":{"rendered":"Calculate Cost Price using Sell Price and Profit Percent &#8211; Formula, Examples"},"content":{"rendered":"<p>Calculate Cost Price using Sell Price and Profit Percent when the inputs are Sell Price and Profit Percent and the output is Cost Price. By simply using the Cost Price formula, one can find out the Cost Price of a product. The cost price is always less than the selling price when the profit percent is given. We have detailed explanations and solved examples are included in this article. All the different methods to find Cost Prices using Sell Price and Profit Percent are given below.<\/p>\n<p>Also, Check:<\/p>\n<ul>\n<li><a href=\"https:\/\/ccssmathanswers.com\/calculate-cost-price-using-sell-price-and-loss-percent\/\">Calculate Cost Price using Sell Price and Loss Percent<\/a><\/li>\n<li><a href=\"https:\/\/ccssmathanswers.com\/concept-of-profit-and-loss\/\">Concept of Profit and Loss<\/a><\/li>\n<li><a href=\"https:\/\/ccssmathanswers.com\/calculate-profit-and-profit-percent\/\">Calculate Profit and Profit Percent<\/a><\/li>\n<li><a href=\"https:\/\/ccssmathanswers.com\/calculate-loss-and-loss-percent\/\">Calculate Loss and Loss Percent<\/a><\/li>\n<li><a href=\"https:\/\/paisaalgo.com\/dabur-pivots-calculator\/\">DABUR Pivot Point Calculator<\/a><\/li>\n<\/ul>\n<h2>How to Calculate Cost Price Using Sell Price and Profit Percent?<\/h2>\n<p>Follow the below process to find out the Cost Price Using Sell Price and Profit Percent. Also, get the Cost Price Formula to solve all the problems.<\/p>\n<p>1. Write down the Sell Price and Profit Percent.<br \/>\n2. Note Down the Cost Price Formula.<br \/>\n3. Substitute the Sell Price and Profit Percent in the Cost Price Formula.<br \/>\n4. Finally, find out the Cost Price Using Sell Price and Profit Percent.<\/p>\n<h3>Cost Price Formula<\/h3>\n<p>Use the below formulas according to the problem and get the cost price easily.<\/p>\n<p>Cost price = selling price &#8211; profit<br \/>\nCost price = selling price &#8211; profit% \u00d7 cost price\/100<br \/>\nThe Cost price + profit% \u00d7 cost price\/100 = selling price<br \/>\nCost price(1 &#8211; profit%)\/100 = selling price<br \/>\nCost price(100 + profit%)\/100 = selling price<br \/>\nAlso, cost price = selling price \u00d7 100\/100 + profit% (on cross multiplication);<br \/>\nHere, selling price and loss% is known.<\/p>\n<h3>Finding Cost Price Using Sell Price and Profit Percent Examples<\/h3>\n<p>1. A box was sold for $428 thereby gaining 8%. Find the cost price of the bag?<\/p>\n<p>Solution:<\/p>\n<p>Given that a box was sold for $428 thereby gaining 8%.<br \/>\nThe selling price = $428<br \/>\nGain Percentage = 8%<br \/>\nWe know that cost price = selling price \u00d7 100\/100 + gain%<br \/>\nSubstitute the selling price and the gain% in the above formula.<br \/>\nCost price = $428 \u00d7 100\/(100 + 8)<br \/>\nCost price = $428 \u00d7 100\/108<br \/>\nThe Cost price = $42800\/108 = $396.29<\/p>\n<p>Therefore, the cost price of the bag is $396.29<\/p>\n<p>2. A fan was sold for $625 thereby gaining 15%. Find the cost price of the fan.<\/p>\n<p>Solution:<\/p>\n<p>Given that a fan was sold for $625 thereby gaining 15%.<br \/>\nThe selling price = $625<br \/>\nGain Percentage = 15%<br \/>\nWe know that cost price = selling price \u00d7 100\/100 + gain%<br \/>\nSubstitute the selling price and the gain% in the above formula.<br \/>\nCost price = $625 \u00d7 100\/(100 + 15)<br \/>\nCost price = $625 \u00d7 100\/115<br \/>\nThe Cost price = $62500\/115= $543.47<\/p>\n<p>Therefore, the cost price of the fan is $543.47<\/p>\n<p>3. By selling a mobile for $1,240, a trader gains 10%. Find the cost price of the mobile?<\/p>\n<p>Solution:<\/p>\n<p>Given that by selling a mobile for $1,240, a trader gains 10%.<br \/>\nThe selling price = $1,240<br \/>\nGain Percentage = 10%<br \/>\nWe know that cost price = selling price \u00d7 100\/100 + gain%<br \/>\nSubstitute the selling price and the gain% in the above formula.<br \/>\nCost price = $1240 \u00d7 100\/(100 + 10)<br \/>\nCost price = $1240 \u00d7 100\/110<br \/>\nThe Cost price = $124000\/110 = $1127.27<\/p>\n<p>Therefore, the cost price of the mobile is $1127.27<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Calculate Cost Price using Sell Price and Profit Percent when the inputs are Sell Price and Profit Percent and the output is Cost Price. By simply using the Cost Price formula, one can find out the Cost Price of a product. The cost price is always less than the selling price when the profit percent &#8230; <a title=\"Calculate Cost Price using Sell Price and Profit Percent &#8211; Formula, Examples\" class=\"read-more\" href=\"https:\/\/bigideasmathanswers.com\/calculate-cost-price-using-sell-price-and-profit-percent\/\" aria-label=\"More on Calculate Cost Price using Sell Price and Profit Percent &#8211; Formula, Examples\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":81303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[5],"tags":[],"jetpack_featured_media_url":"https:\/\/bigideasmathanswers.com\/wp-content\/uploads\/2021\/03\/Calculate-Cost-Price-using-Sell-Price-and-Profit-Percent.png","_links":{"self":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/81285"}],"collection":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/comments?post=81285"}],"version-history":[{"count":3,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/81285\/revisions"}],"predecessor-version":[{"id":92918,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/81285\/revisions\/92918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/media\/81303"}],"wp:attachment":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/media?parent=81285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/categories?post=81285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/tags?post=81285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}