Question

Find the selling price if a profit of 5% is made on a fan bought for RS560 and expenses of RS 40 made on its repairs

Answer 1

c.p of fan =560+40 rupees of repairing
=600
and after s.p they find 5% profit than
5% of 600
5\100×600= 30
than selling price is 30+600
=630rupees

Answer 2

The selling price is Rs. 630.

Given - Percentage and cost price

Find - Selling price

Solution - The complete cost price of fan will be sum of buying price and expense made on repairs.

So, finding the cost price of fan.

Cost price = $560 + 40$

Cost price = $600$

Now, relating selling price, cost price and profit percentage through the equation -

Selling price = $\frac{100 \: +profit\%}{100} \times cost price$

Keep the values in formula to find the value of selling price

Selling price = $\frac{100 + 5}{100} \times 600$

Selling price = $\frac{105}{100} \times 600$

Cancelling common zeroes in numerator and denominator

Selling price = $105 \times 6$

Performing multiplication

Selling price = 630

Hence, the selling price for fan should be Rs. 630.

#spj3