Practicing Chartered Accountant
134 Points
Joined December 2009
try this method
in each case whether %age of loading is given on invoice price or cost price you will take that %age as numerator
now as all of us know that Invoice Price Is Always Bigger Than Cost Price
If you have been given Cost price then since it is SMALLER (-) as compare to Invoice Price use 100(-)%age as Denominator
If you have been given Invoice Price then since it is BIGGER (+) as compare to Cost price use 100(+)%age as Denominator
by applying this formula you will get the loading amt. and then u can find the CP or SP by adding or subtracting loading from the given figure as the case may be
use this you will never be confused in these type of probs