Question

A shopkeeper bought 5 fans at rupess 1000 each. Later he found 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 want to make an overall profit of 20℅ ?

Answer: 1300each but how it came pls explain​

Answer 1

Answer:

1300 rs

Step-by-step explanation:

Total cost 5000 rs

20% loss means -200 rs.

20% profit overall means +1000 rs

total earning required 1000+200=1200 rs

cost of remaining fans 4000 rs

selling price of 4 fans 4000 + 1200 =5200 rs

selling price of 1 fan 1300 rs