If a person sells a ceiling fan for Rs. 557.75 then, he gets a 15% profit. To get a 20% profit, at what amount should he sell the fan?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 582.
Cost Price = 557.75 × 20/23
New Selling Price = 557.75 × 20/23 × 6/5
⇒ Rs. 582
Hence he should sell the fan for Rs. 582