Question

a shopkeeper purchased an electric fan for Rs. 1560 and sold it at 5% profit. find his actual profit and selling price of the fan. STEP BY STEP CLEAR ANSWER PLEASE.​

Answer 1

Step-by-step explanation:

C.p is the electric fan =₹1500

profit%=5%

Actual profit=?

s.p=?

here, profit%=profit/c.p=100%

or, 5%=s.p-c.p/c.p=100%

or,5%=s.p-1500/1500=100%

or 75=s.p-1500

answer (s.p=₹1575 and actual profit=s.p-c.p

=1575-1500

=RS 75