Question 62
By selling 18 table fans for ₹11,664 a man incurs a loss of 10%. How many fans should he sell for ₹17,424 to earn 10% profit?
Solution
Selling price of 18 table fans = 11664
Loss = 10%
Cost price of 18 table fans = 11664 $$\times \frac{100}{90} = 12960
Cost price of 18 table fan = 12960/18 = 720
When profit is 10% then selling price = 17424
Cost price for n table fans = 17424 $$\times \frac{100}{110} = 15840
Number of fans which are sell = 15840/720 = 22
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