itznotmeh
itznotmeh itznotmeh
  • 04-06-2021
  • Mathematics
contestada

A refrigerator is sold for $1998 and a 11% profit is made.
Find the original cost of that refrigerator.

Respuesta :

igdwideyw9
igdwideyw9 igdwideyw9
  • 04-06-2021
The original price of the refrigerator sat at approximately $2,217.78
Answer Link
sreedevi102
sreedevi102 sreedevi102
  • 04-06-2021

Answer:

Cost Price = $1800

Step-by-step explanation:

Let cost price (CP) be x

Selling price(SP) = 1998

Profit = Selling price - cost price = 1998 - x

  [tex]profit \% = \frac{SP - CP}{CP}[/tex]

       [tex]\frac{11}{100} = \frac{1998-x}{x}[/tex]

     [tex]0.11 = \frac{1998}{x} - 1\\\\1 + 0.11 = \frac{1988}{x}\\\\1.11 = \frac{1998}{x}\\\\x = \frac{1998}{1.11} = 1800[/tex]

Answer Link

Otras preguntas

which do you think would be warmer on a winter day when there is no wind a thick forest or a grassy field? explain your answer
divide 6 1/3 by 3/7
if a triangle has a height of 12 inches in the base of 5 inches what is the area
Is magnesium a element compound or mixture
For how many things can use the same resource at one time
When do we use la le and les in french
martian periodic table
Taylor is building dog houses to sell. Each doghouse house requires free full sheets of plywood which Taylor cuts into new shapes. The plywood is shipped in b
What is 56 decreased by twice a number
A bullet is fired horizontally from a height of 78.4 m and hits the ground 2400 m away. With what velocity does the bullet leave the gun?