On selling a fan for rs. 720, the profit earned is 1 by 5 of its cost price. Find the cost price of the fan.
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Answer:
Given S.P = 720
profit= C.P/5
we know that
profit= S.P - C.P
C.P/5 + C.P = 720
6/5 C.P = 720
C.P = 600
It's cost price= 600 Rs
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