Question

By selling a fan for 810, a dealer makes a profit of 60. What is the cost price of the fan? What is his profit percent?

Answer 1

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Here is your answer
SP = 810
Profit = 60

CP = SP - Profit
= 810 - 60
= 750

As we know that
Profit % = Profit × $\frac {100}{CP}$
$= \frac{60 \times 100}{750} \\ = 8\%$
Therefore
Cost price of the fan is Rs 750
Profit % is 8%

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