itznotmeh
Answered

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

Sagot :

igdwideyw9
The original price of the refrigerator sat at approximately $2,217.78
sreedevi102

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]

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