Given,
SP = 495
Gain = 10%
\(CP =\frac{100\times SP}{100+gain%}\)Substituting the values in the above equation, we get
CP = (100 ×495)/(100 + 10)
CP = (49500)/110
CP = 450
Given,
SP = 495
Gain = 10%
\(CP =\frac{100\times SP}{100+gain%}\)Substituting the values in the above equation, we get
CP = (100 ×495)/(100 + 10)
CP = (49500)/110
CP = 450
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