2 Views

Question : By selling a fan for Rs. 1,900 a man has a loss of 5%, then at what price (in Rs) should he sell the fan to gain 20%:

Option 1: Rs. 2,000

Option 2: Rs. 2,400

Option 3: Rs. 2,600

Option 4: Rs. 2,800


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Rs. 2,400


Solution : Here CP is the cost price and SP is the selling price.
Given: SP of fan = Rs. 1,900
Let CP be Rs. $x$.
SP at at a loss of 5% = $\frac{95x}{100}$
⇒ $\frac{95x}{100}=1900$
⇒ $x=2000$
To get a 20% profit,
SP = $\frac{100+\text{Profit}}{100}\times$ CP
= $\frac{120}{100}\times2000$
= Rs. 2,400
Hence, the correct answer is Rs. 2,400.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books