How do you find SP when CP and discount percentage is given?

The formulas for profit and loss percentage are given below: Profit percentage(P%) = (Profit /Cost Price) × 100, Loss percentage(L%) = (Loss / Cost price) × 100, S.P. = {(100 + P%)/100} × CP(if SP > CP), S.P. = {(100 – L%)/100} × CP(if SP < CP), C.P. = {100/(100 + P%)} × SP(if SP > CP), C.P

Introduction

Finding the Selling Price (SP) of a product when both the Marked Price (MP) and discount are given can be a difficult task. However, it is a skill that is essential to understand when it comes to purchasing items at the right price. In this article, we will look at how to calculate SP when MP and discount are given. We will also answer some frequently asked questions about the topic.

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Calculating SP when MP and Discount are Given

The formula for calculating SP when MP and discount are given is as follows: SP = MP – (MP x Discount %). To calculate SP, you must first determine the MP of the item and the discount percentage that is being offered.

Let’s look at an example to illustrate this formula. Suppose you are looking to buy a shirt that has a MP of $50 and a 10% discount is being offered. The formula for calculating the SP in this case would be: SP = $50 – ($50 x 10%) = $45.

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Other Considerations

When calculating SP, there are some other considerations that should be taken into account. For example, some discounts may be offered in terms of cash back or free items. In these cases, the formula for calculating SP would need to be adjusted accordingly. Additionally, it is important to consider taxes and other fees that may be applicable when purchasing items.

Frequently Asked Questions

Below are some frequently asked questions about calculating SP when MP and discount are given.

Q: What is the formula for calculating SP when MP and discount are given?
A: The formula for calculating SP when MP and discount are given is: SP = MP – (MP x Discount %).

Q: Are there any other considerations that should be taken into account when calculating SP?
A: Yes, it is important to consider taxes and other fees that may be applicable when purchasing items. Additionally, some discounts may be offered in terms of cash back or free items, in which case the formula for calculating SP would need to be adjusted accordingly.

Q: What if I don’t know the MP of the item?
A: If you don’t know the MP of the item, you can usually find it on the item’s label or online.

Conclusion

In conclusion, calculating SP when MP and discount are given can be a difficult task. However, understanding the formula for doing so is essential when it comes to purchasing items at the right price. We have looked at how to calculate SP when MP and discount are given, as well as some other considerations that should be taken into account. We have also answered some frequently asked questions about the topic.