by selling a fan for rs.1200,Karim loses rs.200.at what price must he sell it to gain 10%?
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Given :
Selling Price = Rs 1200
Loss = 200 .
FINDING COST PRICE -
Cost Price = Selling Price + Loss
= 1200 + 200
= 1400
So, Cost Price = 1400 .
Gain = 10 % (given)
FINDING GAIN -
1400 x 10/100 = 140
Gain = 140
FINDING SELLING PRICE -
Selling Price = Cost Price + Gain
= 1400 + 140
= 1540
Selling Price = Rs 1540
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