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

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

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

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 = (CP(100 + profit \: \%))/(100) }}`

`\sf{↦ \: SP \: = (1560(100 + 5))/(100) }`

`\sf{↦SP = (1560 * 105)/(100)}`

`\sf{↦ \: SP = (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