Question

. A shopkeeper bought 5 fans at 1000 each. Later he found that one fan was defective. So
he sold it at a loss of 20%. At what price should he sell the remaining fans, if he wants to
make an overall profit of 20%?​

Answer 1

he got 20% loss by one fan, which is given by 20/100*1000 = 200

therefore he got loss of 200 by one fan

To earn 200 from other four fans

200/4 = 50

So remaining 4 fans has to sold at the price of 1050