The profit of a certain refrigerator is 35% of the cost price. If the profit is $280, find

Mathematics

1 answer:

anzhelika [568]2 years ago

3 0

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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