Question

by selling a fan for Rs 475 a person loses 5%. to get a gain of 5% he should sell the fan for____??​

Answer 1

Answer:

Step-by-step explanation:

475 is 95% of the break even. We want a 5% profit or 105%

475*105/95 = 525.

By selling a fan for RS 475 a person loses 5%. To get a gain of 5%.he should sale the fan for.

Find Initial fan value:: 0.95v = 475

Initial value = 500 RS

His lose on the 475 sale = 25 RS

-----------------

Equation

To recoup his lose and get a gain of 5% on the initial value solve for x

x = 25 + 1.05*500 = 550 RS

-----------

Hope it helps..