The profit of a certain refrigerator is 35% of the cost price. If the profit is $280, find
1 answer:
Answer:
profit%=35%
Let cp be x
profit =$280
To find cost price of a refrigerator use formula
profit%=profit/cost price *100
35%=$280/x*100
35%=$28000/x
35*x=$28000
x=$28000/35
x=$800
now to find the selling price of a refrigerator use formula
selling price=cost price +profit
=$800+$280
=$1080
Step-by-step explanation:
therefore the cost price of a refrigerator is $800 and selling price is $1080
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