The difference between CP and SP of a table fan is Rs. 175 when it gives the profit of 14%.
Posted on 27-03-2023
Ques - The difference between CP and SP of a table fan is Rs. 175 when it gives the profit of 14%. What is the selling price of that fan?
(a) 1225
(b) 1450
(c) 1425
(d) 1275
Solution -
Let,
CP of fan = x
SP of fan = (114/100)x
The difference between CP and SP of a table fan is Rs. 175.
SP - CP = 175
1.14x - x = 175
0.14x = 175
x = 1250
CP of fan = 1250
SP of fan = 1250 + 175
SP of fan = 1425
Hence,
The correct answer is option (c) 1425.
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