Question

by selling a fan for rs 1200 , Karim loses rs 200. at what price must he sell IT to gain 10 percent

Answer 1

Solution:

SP of fan = 1200 Rs

Loss = 200 Rs

CP = SP + Loss

CP of fan = 1200+200

= 1400 Rs

To gain 10 %, Find 10% of 1400

$= \frac{10 \times 1400}{100} \\ \\ = 140$
So, to find gain of 10 % on the fan,it should be sell on

= 1400+140 Rs

= 1540 Rs