Question

A retailer makes a profit of 5% by selling a fan for Rs 735 at what price did he purchase the fan​​

Answer 1

`\large\boxed{\pink{\sf \leadsto He \ purchased \ the \ fan \ for \ Rs 700. }}`

Explanation:

Given that , a retailer makes a profit of 5% by selling a fan for Rs 735 . So let us take CP be x .

Now , here

`\implies \red{\sf Profit \ made \ by \ retailer = 5\% }`

Here we assumed CP to be x , and profit % is 5% . So , its SP will be

`\implies SP = CP + 5\% \ of \ CP \\\\\implies Rs 735 = x + (5)/(100)x \\\\\implies (100x+5x)/(100)= Rs 735 \\\\\implies (105x )/(100)= Rs 735 \\\\\implies x = (735* 100)/(105) \\\\\underline{\boxed{\orange{\tt \implies x = Rs 700 }}}`

Hence the CP of the fan was Rs 700 .