Subscribe to our ▶️ YouTube channel 🔴 for the latest videos, updates, and tips.
Home | About Us | Contact Us | Privacy | Math Blog
Calculating Cost Price
We will learn how to solve different types of problems on calculating cost price.
Formulas to Calculate Cost Price
(i) If Selling Price of an article and gain on its selling are given, the Cost Price of the article will be Selling Price minus gain.
Cost Price = Selling Price - Gain
(ii) If Selling Price of an article and loss on its selling are given, the Cost Price of the article will be Selling Price plus loss.
Cost Price = Selling Price + Loss
For calculating cost price, we subtract profit from the selling price or add loss to the selling price.
C.P. = S.P. - Profit
or, C.P. = S.P. + Loss
Solved examples on Calculating Cost Price:
1. A merchant sold a table fan for $ 375 at a loss of $ 50. Find the Cost Price of a fan.
Selling Price of the fan =
$ 375
Loss = $ 50
Cost Price = Selling Price + Loss
= $ (375 + 50)
= $ 425.00
Therefore, the Cost Price of a fan is $ 425.00.
2. A book seller bought 12 copies of a book. He sold each of them at $ 20 and thus made a profit of $ 24 by selling all the books. What was the Cost Price of a book?
Selling Price of the book = $ 20 × 12
= $ 240
Profit = $ 24
Cost Price = Selling Price - Profit
= $ (240 - 24)
= $ 216.
Thus, cost of 12 books = $ 216
Cost of 1 book = $ 216 ÷ 12
= $ 18
Therefore, the Cost Price of a book is $ 18.
Let us consider some more examples on
3. A shopkeeper sells a watch for $ 210 and earns a profit of $ 30. Find the cost price of the watch.
Solution:
S.P. of the watch = $ 210
Profit = $ 30
C.P. = S.P. - Profit
= $ 210 - $ 30
= $ 180
Therefore, the cost price of the watch = $ 180.
For more details please visit Calculate Cost Price using Sell Price and Profit Percent. and Calculate Selling Price using Cost and Profit Percent.
Worksheet on Calculating Cost Price
1. Find the cost price in each case.
(i) S .P. = $ 180; Profit = $ 25
(ii) S .P. = $ 435; Loss = $ 65
(iii) S .P. = $ 265; Loss = $ 15
(iv) S .P. = $ 1250; Profit = $ 50
(v) S .P. = $ 3125; Profit = $ 225
(vi) S .P. = $ 6318; Loss = $ 321
(vii) S .P. = $ 9009; Loss = $ 103
(viii) S .P. = $ 7743; Profit = $ 826
Answer:
1. (i) Cost Price = $155
(ii) Cost Price = $500
(iii) Cost Price = $280
(iv) Cost Price = $1200
(v) Cost Price = $2900
(vi) Cost Price = $6639
(vii) Cost Price = $9112
(viii) Cost Price = $6917
You might like these
5th Grade Profit and Loss | Profit and Loss Formulas | Problems | Math
5th grade profit and loss are discussed here. Ron is a shopkeeper. He buys his goods either from the factory directly or from the whole seller. He then tries to sell each of goods or item at a higher
Worksheet on Profit and Loss | Word Problem on Profit and Loss | Math
In worksheet on profit and loss, we can see below there are some different types of questions which we can practice in our homework.
Calculating Profit Percent and Loss Percent | Profit and Loss Formulas
In calculating profit percent and loss percent we will learn about the basic concepts of profit and loss. We will recall facts and formula while calculating profit percent and loss percent. Now we wil
Worksheets on Profit and Loss Percentage | Profit & Loss Word Problems
Math worksheets on profit and loss percentage will help us to practice different types of questions on finding gain or loss per cent, cost price, selling price and also word problems on profit and los
Finding Profit or Loss | Solved Examples on Finding Profit or Loss
We will solve different types of problems on finding profit or loss. We know, when Selling Price (S.P.) is greater than the Cost Price (C.P.) we have a gain (Profit) and when Cost Price (C.P.)
Calculating Selling Price | Formulas to Calculate Selling Price | Math
We will learn how to solve different types of problems on calculating selling price. Formulas to calculate selling price: (i) If Cost Price of an article and gain on its selling are given
Word Problems on Profit and Loss Worksheet |Cost Price |Selling Price
In word problems on profit and loss worksheet you will get different types of problems on cost price and selling price, profit and loss, calculating profit o loss, calculating selling price and cost price, calculating profit or loss percent
5th Grade Profit and Loss Percentage Worksheet | Profit and Loss | Ans
In 5th grade profit and loss percentage worksheet you will get different types of problems on finding the profit or loss percentage when cost price and selling price are given, finding the selling price when cost price and profit or loss percentage are given & word problems
5th Grade Math Problems
From Calculating Cost Price to HOME PAGE
Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.
Recent Articles
-
Successor and Predecessor | Successor of a Whole Number | Predecessor
Jul 29, 25 12:59 AM
The number that comes just before a number is called the predecessor. So, the predecessor of a given number is 1 less than the given number. Successor of a given number is 1 more than the given number… -
Worksheet on Area, Perimeter and Volume | Square, Rectangle, Cube,Cubo
Jul 28, 25 01:52 PM
In this worksheet on area perimeter and volume you will get different types of questions on find the perimeter of a rectangle, find the perimeter of a square, find the area of a rectangle, find the ar… -
Worksheet on Volume of a Cube and Cuboid |The Volume of a RectangleBox
Jul 25, 25 03:15 AM
We will practice the questions given in the worksheet on volume of a cube and cuboid. We know the volume of an object is the amount of space occupied by the object.1. Fill in the blanks: -
Volume of a Cuboid | Volume of Cuboid Formula | How to Find the Volume
Jul 24, 25 03:46 PM
Cuboid is a solid box whose every surface is a rectangle of same area or different areas. A cuboid will have a length, breadth and height. Hence we can conclude that volume is 3 dimensional. To measur… -
Volume of a Cube | How to Calculate the Volume of a Cube? | Examples
Jul 23, 25 11:37 AM
A cube is a solid box whose every surface is a square of same area. Take an empty box with open top in the shape of a cube whose each edge is 2 cm. Now fit cubes of edges 1 cm in it. From the figure i…
New! Comments
Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.