Question

By selling a Refrigerator for Rs. 14,000 a man suffered a loss of 20%. What was the cost price of the Refrigerator?​

Answer 1

Step-by-step explanation:

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Answer 2

Question:

By selling a Refrigerator for Rs. 14,000 a man suffered a loss of 20%. What was the cost price of the Refrigerator?​

Answer:

The cost price of the refrigerator was Rs. 17500.

Given:

Selling price(S.P.) of the refrigerator is Rs. 14000.

Loss = 20%.

To find:

The cost price(C.P.) of the refrigerator.

Explanation:

Let, the C.P. of the refrigerator be, 'n'.

∴ Loss = (n×20/100)

             = $\frac{n}{5}$

∴ S.P. = $(n-\frac{n}{5})$

         = $(\frac{5n-n}{5})$ [∵ The L.C.M. of the denominators is 5.]

        = $\frac{4n}{5}$

According to the problem:

$\frac{4n}{5} = 14000$

⇒ 4n = (14000×5)

⇒ 4n = 70000

⇒ n = (70000÷4)

⇒ n = Rs. 17500

∴ The C.P. of the refrigerator was Rs. 17500.