Question

On selling an exhaust fan for Rs 7350, a man gains 1/6 of its last price. Calculate the cost price of the fan​

Answer 1

Step-by-step explanation:

According to the problem given ,

Selling price of the exhaust fan = S.P = Rs 7350

Let the cost price of the exhaust fan ( C.P ) = Rs x

Gain = 1 / 6 of C.P

= x / 6

We know that ,

Cost price = Selling Price - Gain

x = 7350 - x / 6

x + x / 6 = 7350

( 6x + x ) / 6 = 7350

7x / 6 = 7350

x = 7350 × ( 6 / 7 )

x = 1050 × 6

x = 6300

Therefore ,

Cost price of the exhaust fan = x = Rs6300