Question

by selling a fan for ₹1200, karim loses ₹200 . at what price must he sell it to gain 10%

Answer 1

1200+200=1400=cp

1400+ 140= 1540 sp (140= 10 %of 1400)

Answer 2

Answer:

₹1540

Step-by-step explanation:

Given:

Selling Price of the fan= ₹1200

Loss Price= ₹200

We know that,

Cost Price (when loss is given)= Selling Price + Loss

Therefore, Cost Price of the fan= 1200+200

                                                         ₹1400

We know that,

Profit= Cost Price X Profit%

Profit required on fan= 1400 X 10$/$100 (10%)

                                    = ₹140

Required Selling Price= 1400 + 140

                                     = ₹1540