Shyam sold an old
refrigerator for 7440 at a loss of 7%. Find
the price at which Shyam had bought the
refrigerator.
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Answer:
let the cost price of the refrigerator be ₹x
Loss% = 7%
therefore SP = ₹[ x - 7x/100] = 93/100x
From the given problem, SP = ₹7440
therefore 93/100x = ₹7440
x = 7440×100/93 = ₹8000
Thus, the cost price of the refrigerator was ₹8000
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