S.P. = 264 loss percent=12% find C.P
To find the cost price (C.P) when the selling price (S.P) is 264 and the loss percentage is 12%, you can use the formula:
Loss Percentage = [(C.P - S.P) / C.P] * 100
In this case, you're given the S.P (264) and the loss percentage (12%). You need to solve for C.P:
12% = [(C.P - 264) / C.P] * 100
Now, isolate C.P:
12% / 100 = (C.P - 264) / C.P
0.12 = (C.P - 264) / C.P
Now, cross-multiply:
0.12 * C.P = C.P - 264
0.12C.P = C.P - 264
Now, subtract C.P from both sides:
0.12C.P - C.P = -264
Combine the terms on the left side:
-0.88C.P = -264
Now, divide by -0.88 to solve for C.P:
C.P = -264 / -0.88
C.P = 300
So, the cost price (C.P) is 300.
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