Question

By selling a refrigerator for ₹ 4725, a shopkeeper earns a profit of 5%. Find the cost
price of the refrigerator.

Answer 1

Given:

• S.P(selling price) of refrigerator = ₹4725
• Profit% = 5%

To finD:

• C.P( cost price) of refrigerator?

Solution :

Here, we are given SP and Profit% of refrigerator. We have to find CP of refrigerator from the given value of SP and profit%.

We know that :

If Selling price and profit percent is given and need to find cost price of object, formula is as :-

$\large{\sf{CP\:=\:\dfrac{SP×100}{100+profit\%}}}$

Let put known values in formula :-

$\large{\sf{CP\:=\:\dfrac{SP×100}{100+profit\%}}}$

$\large{\implies{\sf{CP\:=\: \dfrac{4725×100}{100+5}}}}$

$\large{\implies{\sf{CP\:=\:\dfrac{472500}{105}}}}$

$\large{\implies{\sf{CP\:=\: {\cancel{\dfrac{472500}{105}}}}}}$

$\large{\implies{\sf{CP\:=\:4500}}}$

Therefore,

$\huge{\boxed{\large{\mathfrak{\blue{Cost\: price\:of\: refrigerator\:=\:₹4500}}}}}$