Question

on selling a fan for rupees 2585 a man gains 1 upon 10 of its cost price find the cost price of a fan

Answer 1

Gain of (1/10) of it's cost price implies that he had a 10% profit on the cost at which he bought it.

Now we know,

110% of cost price = Selling price = 2585

Let cost be x

Hence, (110/100)*x = 2585

This implies x = 2585*100/110 = 2350 Rupees

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