Question

Sushil bought two fans for 1400 each. He sold one at a loss of 5% and the other at
profit of 10%. Find the selling price of each​

Answer 1

Given :-

CP of fans = 1400 each

Loss on 1st fan = 5%

Profit on 2nd fan = 10%

To Find :-

The selling price of each fans.

Solution :-

For the first fan :-

CP = 1400

Loss = 5% of CP

= 5% of 1400

$=\: {\dfrac{5}{100}}\: \times 1400$

= 70.

Therefore, total loss is of 70

Selling price = CP - Loss

= 1400 - 70

= 1330

Therefore, selling price of the first fan is 1330

For the 2nd fan :-

CP = 1400

Profit = 10% of CP

= 10% of 1400

$=\: {\dfrac{10}{100}}\: \times 1400$

= 140

Therefore, total gain is of 140

Selling price = CP + Profit

= 1400 + 140

= 1540

Therefore, selling price of the second fan is 1540

Hence, selling price of both the fans are 1330 and 1540 respectively.