An electrician buys an old refrigerator and spends Rs 175 on painting it. If he sells it for Rs2720, making a profit for 1313% ,at what price had he bought the refrigerator
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Cost prize of refrigerator =2500+500 = Rs.3000
Selling prize = Rs.3300
Gain =S.P.−C.P.=3300−3000=300
Therefore, Gain percent =
C.P.
gain×100
=
3000
300×100
= 10%
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