Question

2. The profit on a refrigerator is 35% of the cost price.

If the profit is $280, find
(i) the cost price, (ii) the selling price,
of the refrigerator.​

Answer 1

Let Cost Price be x, so

35/100x = 280

x = 280 / 0.35 = 800 = Cost Price

Selling price = 800 + 280 = 1080