Question

Steve sells a refrigerator for Rs.15000 making a profit of 20%. Find the CP of the refrigerator. Who Will Give Correct Answer Will Be Marked Brainlest .​

Answer 1

Answer: Cost Price- Rs. 12,500

Explanation:

Cost Price = Selling Price × 100 / 100 + profit %  (SP × 100 ÷ 100 + profit %)
      = 15,000 × 100/ 100 + 20 %

      = 15,000 × 100 / 120 (15,000 ÷ 120 = 125, 125 × 100 = 12,500)
      = 12,500