MP Board · Class 8 · Mathematics · Comparing QuantitiesWhich formula is used to calculate Cost Price (CP) when Selling Price (SP) and Profit % are given?
Step-by-Step Solution
Cost Price (CP) = [100 / (100 + Profit %)] × SP.
Detailed Options Breakdown
Option : CP = [100 / (100 + Profit %)] × SP (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: CP = [(100 + Profit %) / 100] × SP
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 2: CP = [100 / (100 - Profit %)] × SP
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 3: CP = SP - Profit %
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
💡 Study Guide: This question tests core syllabus concepts from Comparing Quantities. For formulas, key summaries, and mock exam reference guides, read the full Comparing Quantities Revision Notes.