Question

Find the cost price when $SP=₹1596$ and $Gain=₹12\%$.

Answer 1

As the formula states $CP=\left(100/\right(100+Gain\%\left)\right)\times SP$
$=\left(100/\right(100+12\left)\right)\times 1596$
$=\left(100/112\right)\times 1596$
$=1425$
$\therefore$ The cost price is $₹1425$