Question

A table fan is sold for Rs 570 at a gain of 14%. Find the cost price of the fan.

Answer 1

If SP=114,CP=100
If SP=1,CP=100/114
If SP=570,CP=(100/114)/570
=Rs 500

Ans:Rs 500

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Answer 2

Answer:

14÷100×570=79.8

14%=79.8

cost price of fan=570-79.8

=490.2