Question

A refrigerator was sold at a gain of 12%. Had it been sold for Rs. 357 more, the gain would have been 15%. Find the cost price of the refrigerator.

Answer 1

Answer:

Let the CP be x.

then profit=12 %

SP=x(1+12/100)

According to the question,

x(1+12/100)+357=x(1+15/100)

x+12x/100+357=x+15x/100

112x/100+357=115x/100

357=115x/100-112x/100

357=3x/100

x=357*100/3

x=11900

So, CP =11900