Question

The cost price of a refrigerator is $280. find:

a). the percentage loss if it sells for $224.
b). the selling price if the profit is 15% of the cost price.
c). the new price of the refrigerator if it gives a discount if 43%.​

Answer 1

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Explanation:

) To find the percentage loss on the sale of the refrigerator, we need to subtract the selling price from the cost price and divide that number by the cost price. Then, multiply the result by 100% to express the answer as a percentage.

(280 - 224) / 280 * 100% = 57.14% loss

b) To find the selling price if the profit is 15% of the cost price, we need to add 15% of the cost price to the cost price.

280 + (15% * 280) = 280 + 42 = $322

c) To find the new price of the refrigerator after a 43% discount, we need to subtract 43% of the cost price from the cost price.

280 - (43% * 280) = 280 - 120.4 = $159.60