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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