Question

Selling Price is $2,640 and the Loss is $196. Find the Cost Price.​

Answer 1

If I am correct, it should be $2,736.


if this is a re-sell, then you would have to add the loss to the selling price to get the original cost.

loss means how much was lost in profit, so whenever you see that make sure to add it to whatever is applicable, like in this case, $2,640.