By selling a table-fan for ₹891 , a man suffers 10% Loss. Enter the price (in rupees) that he should sell it in order to make a profit of 20%?
1188

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Solution

The correct option is A 1188
Let CP of the table-fan be ₹ $x .$

If SP = ₹891 , Loss % = 10%

CP - Loss = SP

$∴ x - \frac{10 x}{100}$ = ₹891

$\Rightarrow \frac{100 x - 10 x}{100}$ = ₹891

$\Rightarrow \frac{90 x}{100}$ = ₹891

$\Rightarrow$ $x$ = $\frac{891 \times 100}{90}$ = ₹990

To make a profit of 20%,

SP = CP + Profit

$S P = 990 + \frac{20}{100} \times 990$
$S P = 990 \times (1 + \frac{20}{100})$
$S P = 990 \times (1 + 0.2)$
$S P = 990 \times (1.2)$
$∴$ SP = 990 $\times$ 1.2 = ₹1188

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By selling a table-fan for ₹891 , a man suffers 10% Loss. Enter the price (in rupees) that he should sell it in order to make a profit of 20%?1188

By selling a table-fan for ₹891 , a man suffers 10% Loss. Enter the price (in rupees) that he should sell it in order to make a profit of 20%?
1188