Question

A shopkeeper buys $5$ fans for $Rs4,050$ he spends $Rs50$ on the transportation he sells them at a gain of $15\%$ Find the $S.P$ of a fan.

Answer 1

Given:-

Shopkeeper buys $5$ fans for: $Rs4050$

Transportation cost : $Rs50$

$\therefore$ Cost price $=Rs4050+Rs60$

$=Rs4100$

Gain $\left(\%\right)=15\%$

$\therefore$ Formula:- gain $\left(\%\right)=\frac{100\times [sellingprice(S.P)–costprice(S.P)]}{costprice}$

$15=\frac{100\times [S.P-4100]}{4100}$

$S.P=41\times 15+4100$

$S.P=615+4100$

$S.P=Rs4715$

Ans. Selling price of $5$ fans $=Rs4715$

Thus selling price of $1$ fan $=\frac{Rs4715}{5}=Rs943/-$