Question

a man sold fan for Rs1200 & made a profit of 20%. find the cost price of the fan

Answer 1

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Answer 2

Answer:

Rs. 1000

Step-by-step explanation:

Given, SP = Rs. 1200, profit % = 20%

Let the CP be = x

Profit = SP - x

         = Rs. 1200 - x

Profit % = $\frac{Profit}{CP}$ × 100% = $\frac{1200 - x}{x}$ × 100%

According to the question,

Profit% = 20%

⇒ $\frac{1200 - x}{x}$ × 100% = 20%

⇒ x = 1000

Answer: The cost price of the fan is Rs. 1000