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By selling a fan for $ 600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be
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- $ 900
- $ 1000
- $ 700
- $ 800
Correct Option: D
Given in question , S.P. of fan = $ 600
C.P. of fan = $ | ![]() | ![]() | ||||
90 |
∴ Required S.P. = | × | = $ 800 | 90 | 100 |
We can find required answer with the help of given formula :
C.P. = S P | ![]() | ![]() | ||||
100 - Loss% |
C.P. = | 100 - 10 |
C.P. = | 90 |
C.P. = | 9 |
New S.P. = C.P. × | ![]() | ![]() | ||||
100 |
New S.P. = | 6000 | ![]() | 100 + 20 | ![]() | ||||
9 | 100 |
New S.P. = | = $ 800 | 9 |