Question

A refrigerator was bought for ₹16,890 and sold at a loss of ₹4,620. Find the selling price of the refrigerator.

• A. ₹4,620
• B. ₹12,270
• C. ₹21,510
• D. ₹16,890

Answer 1

The correct option is B

₹12,270

Cost Price (CP) of the refrigerator = ₹16890

Loss = ₹4620

We need to find the selling price (SP) of the refrigerator.

When there is a loss, we must have
CP > SP.

Also, CP - SP = Loss.

i.e., SP = CP - Loss

= ₹16890 - ₹4620

= ₹12270

$\therefore$ The selling price (SP) of the refrigerator is ₹12,270.