Question

A shopkeeper purchased an electric fan for rs 1560 and sold it at 5 % profit find his actual profit and selling price of the fan​

Answer 1

Answer:

${ \boxed{ \sf{Actual \: profit \: = \: Rs \: 78}}}$

$\boxed{ \sf{Selling \: price \: = \: Rs \: 1638}}$

Step-by-step explanation:

Given :

• Cost price of a electric fan ( CP ) = Rs 1560
• Profit percent = 5 %

To find :

• Actual profit = ?
• Selling price = ?

Solution :

Finding the selling price of a fan ( SP ) :

$\boxed { \sf{SP = \frac{CP(100 + profit \: \%)}{100} }}$

$\sf{↦ \: SP \: = \frac{1560(100 + 5)}{100} }$

$\sf{↦SP = \frac{1560 \times 105}{100}}$

$\sf{↦ \: SP = \frac{163800}{100} }$

$↦ \boxed{ \sf{SP = Rs \: 1638}}$

Now, We have :

• Selling price of a electric fan ( SP ) = Rs 1638
• Cost price of a electric fan ( CP ) = Rs 1560

Finding the actual profit :

$\boxed{ \sf{Actual \: profit \: = \: Selling \: price \: - \: Cost \: price}}$

$\sf{↦ \: Actual \: profit \: = \: Rs \: 1638 - \: Rs\: 1560}$

$\boxed{ \sf{↦ \: Actual \: profit \: = \: Rs \: 78}}$

We're done !

Hope I helped!

Best regards! :D

~TheAnimeGirl