Q. A trader sold a fridge for ₹28,000 and earned 12% profit. What was the cost price?
✅ Correct Answer: (C)
₹25,000
Explanation: SP = 28000 = 112% of CP; CP = 28000 × 100 / 112 = ₹25,000.
Explanation by: Yami Thakur
SP = 28000 = 112% of CP; CP = 28000 × 100 / 112 = ₹25,000.