By selling 18 table fans for Rs.11,664 a man incurs a loss of 10%. How many fans should be sell for Rs.17,424 to earn 10% profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 22.
| Understanding/Application |
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S.P. of 18 table fans = Rs. 11664 loss = 10% C.P. of 18 table fans = (11664 × 100)/90 = 12960 |
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C.P. of 1 table fan = 12960/18 = Rs. 720 When profit is 10%, S.P. = 17424 C.P. of n table fans = (17424 × 100)/110 = Rs. 15840 Number of fans which are sold = 15840/720 = 22 |