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%.
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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
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
sprao534:
suppose he sold 4 fans at the rate of 1050,he can get 4200+for defective 800.total he can get 5000.it is equivalent to cost price. where is the profit?
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