the profit on a refrigerator is 35% of the cost price. If the profit is $280,find the cost price and the selling price

First, you need to find the cost price. Let's mark it with x. Then, you make an equation.
[tex]35\%x = 280 \\ 0.35 \times x = 280 \\ x = 280 \div 0.35 \\ x = 800[/tex]
The cost price is $ 800 and to find the selling price, you add the profit.
[tex]800 + 280 = 1080[/tex]
The selling price is $ 1080.

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ewomazinoade ewomazinoade · Answer 2 · 2022-02-01T13:07:44+01:00

The cost price of the refrigerator is $800.

The selling price of the refrigerator is $1080.

What is profit?

Profit is when the selling price of an item exceeds its cost price.

Profit = selling price - cost price

What is the cost price and selling price of the refrigerator?

Cost price = profit / percentage profit

$280 / 0.35

= $800

Selling price = $280 + $800= $1080

To learn more about profit, please check: https://brainly.com/question/26181966