Question

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

Answer 1

Find answers below.

Step-by-step explanation:

Given the following data;

Cost price = Rs 1560

Sales Profit = 5%

First of all, we would determine the actual profit;

Profit % = 5/100 * 1560

Profit % = 7800/100

Profit % = Rs 78

Next, we would calculate the selling price;

Selling price = cost price + profit

Selling price = 1560 + 78

Selling price = Rs 1638