By selling a fan for $₹ 810$ , a dealer makes a profit of $₹ 60 .$ What is the cost price of the fan? What is his profit percent?

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Solution

The selling price of the fan is $₹ 810$ .
Profit is $₹ 60$
We know that,
Profit $=$ selling price $-$ cost price
Cost price $=$ selling price $-$ profit
So, the cost price of the fan $=$ $₹ 810$ $-$ $₹ 60$ $= ₹ 750$
Hence, the cost price of the fan is $₹ 750$ .
Now, the profit percent $=$ $(\frac{p r o f i t}{C . P} \times 100) %$
$= (\frac{₹ 60}{₹ 750} \times 100) % = 8 %$
Thus, the profit is $₹ 750$ and the profit percent is $8 %$ .

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