Profit and Loss Practice Test 7

Question : 39 of 40

Marks: +1, -0

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

Solution:

Let the cost price = Rs x
Loss per cent = 10%
Sale price = x - 10% of x = Rs 600

x-10/100x=600⇒9/10x=600

x=6000/9=666.6

Cost price = Rs 666.6
Profit per cent = 20%
New sale price

=666+20/100×666.6

= 799.9 = Rs 800
New SP of the fan = Rs 800

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