Home » Aptitude » Profit and Loss » Question
  1. By selling a fan for $ 600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be
    1. $ 900
    2. $ 1000
    3. $ 700
    4. $ 800
Correct Option: D

Given in question , S.P. of fan = $ 600

C.P. of fan = $
600 × 100
90

∴ Required S.P. =
600 × 100
×
120
= $ 800
90100

We can find required answer with the help of given formula :
C.P. = S P
100
100 - Loss%

C.P. =
600 × 100
100 - 10

C.P. =
60000
90

C.P. =
6000
9

New S.P. = C.P. ×
100 + profit%
100

New S.P. = 6000100 + 20
9100

New S.P. =
60 × 120
= $ 800
9



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