Q: What is the cost price for an item that sold for 55 at a profit of 25 percent?

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The cost price is 1700; it tells you that in the question. The asking price is 2125 (1700 x 1.25).

The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%

Mark-up, it is not profit. Profit must account for other fixed costs associated with selling

Profit or Loss is always calculated on the cost price.Cost price (C.P.): price on which an item is purchased.Selling price (S.P.): price on which an item is sold.Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → ProfitLoss: If the selling price is less than the cost price, the difference between them is the loss incurred. Selling Price (SP) < Cost Price (CP) → Loss

let mark price is 100 Rs. after giving 25% discount the selling price=75Rs. if the profit is 25% then the cost price=(100/100+25)*75=60Rs if now they give 10%discount the selling price=90Rs so gain=90-60=30Rs gain%=(30/60)*100=50% mohd. haseeb contact- 09602609019 B.tech (RTU)kota

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Cost of the item + Desired Profit = price.

The cost price is 1700; it tells you that in the question. The asking price is 2125 (1700 x 1.25).

The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%

50

Mark-up, it is not profit. Profit must account for other fixed costs associated with selling

Profit or Loss is always calculated on the cost price.Cost price (C.P.): price on which an item is purchased.Selling price (S.P.): price on which an item is sold.Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → ProfitLoss: If the selling price is less than the cost price, the difference between them is the loss incurred. Selling Price (SP) < Cost Price (CP) → Loss

let mark price is 100 Rs. after giving 25% discount the selling price=75Rs. if the profit is 25% then the cost price=(100/100+25)*75=60Rs if now they give 10%discount the selling price=90Rs so gain=90-60=30Rs gain%=(30/60)*100=50% mohd. haseeb contact- 09602609019 B.tech (RTU)kota

Make the price of the item larger than what it cost to actually get them and sell.

The gross profit.

50%