Practice the questions given in the worksheet on calculating cost price. We know, the cost price (C.P.) of an article is the price at which the article is bought.
1. Find the cost price, if:
(i) S.P. = $21 and gain = 5%
(ii) S.P. = $22 and loss = 12%
(iii) S.P. = $340 and gain = $20
(iv) S.P. = $200 and loss = $50
(v) S.P. = $1 and loss = 5 cents
2. A laptop is sold for $6800 at a loss of 15%. Find the cost price of the laptop.
3. By selling an article for $810, a loss of 10 percent is suffered. Find its cost price.
4. By selling two each for $600 each; a shopkeeper gains 20 percent on one watch and loses 20 percent on the other. Find C.P. of each watch
5. By selling an article for $9200, a man gain 15%. Find the cost price of the article.
6. Articles bought at 5 for $4 are sold at 4 for $5; find
(i) the costprice of one article
(ii) the cost price of 20 articles
7. By selling an article for $825, a person loses equal to 1/3 of its selling price. Find the cost price of the article.
8. An article bought for $620 is sold for $780. Second article bought for $575 is sold for $437 and the third article bought for $805 is sold for $883. Find the total cost price of all the three articles.
Answers for the worksheet on calculating cost price are given below to check the exact answers of the above questions where the selling price and profit or loss percent is given.
Answers:
1. (i) $20
(ii) $25
(iii) $320
(iv) $250
(v) $1.05
2. $8000
3. $900
4. $500 and $750
5. $8000
6. (i) 0.80¢
(ii) $16
7. $1100
8. $2000
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