Question 68

By selling a fan for 600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be

Solution

Selling price of fan = Rs. 600

Loss % = 10%

=> Cost price = $$\frac{600}{(100-10)}\times100$$

= $$\frac{6000}{9}=Rs.$$ $$\frac{2000}{3}$$

Profit % = 20%

$$\therefore$$ Selling price = $$\frac{2000}{3}+(\frac{20}{100}\times\frac{2000}{3})$$

= $$\frac{2000}{3}+\frac{400}{3}=\frac{2400}{3}=Rs.$$ $$800$$

=> Ans - (A)

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