Question

Meenu bought two fans for the same price she sold one of his loss of 5% in the address at a profit of 10% If the selling price of both the fair in to tell was 2460 what was the cost price of each fan​

Answer 1

Answer:

246

Step-by-step explanation:

because the cost price is calculated on profit which is 10%given so yes the profit or cost price is 246.

Answer 2

Answer:

Cost price of each fan = 1200

Step-by-step explanation:

Recall the concept:

Loss = CP - SP

Profit  = SP - CP

Let 'x' be the cost price of one fan

Since one fan is sold for 5% loss,

loss = 5%x

Since, loss = CP - SP,

x - SP = 5%x

SP = x - 5%x

= x(1-5%)

= x(1 - $\frac{5}{100}$)

SP of the first fan  = $\frac{95}{100}$x

Since the second fan is sold of 10% profit

Profit = 10%x

Since, Profit = SP - CP

SP - x = 10%x

SP = 10%x+x

= x(1+10%)

= x(1+$\frac{10}{100}$)

= x($\frac{110}{100}$)

SP = $\frac{110}{100}$x

SP of the second fan =  $\frac{110}{100}$x

Total SP of both fans together = $\frac{95}{100}$x+ $\frac{110}{100}$x

Given that selling price both the fans together = 2460, we have

$\frac{95}{100}$x+ $\frac{110}{100}$x = 2460

x($\frac{95}{100}$+ $\frac{110}{100}$) = 2460

x ×$\frac{205}{100}$ = 2460

x = $\frac{2460 X 100}{205}$

= 1200

x = 1200

∴Cost price of each fan = 1200

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