Question

A shopkeeper bought 5 fans at rs 1000 each.Later he found that one fan was defective .So he sold it as 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

Answer:

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 4fans has to sold at the price of 1050

Hope this helps you