On selling a fan for Rs 810, Sunil gains 8%. For how much did he purchase it.

Given: Selling price of fan  =  810 ₹

profit percent = 8%

To find: For how much did he purchase

Solution:

Cost price = ?

Cost price  =  Selling price  -  Profit

8 %  profit on cost price ,  

so, 108 % of cost price  =  selling price

108 % $\times$ C P  =  810

$\frac{108}{100}  \times$  C P  =  810

C P   =  $810  \times  \frac{100}{108}$

C P  =   $\frac{81000}{108}$  =  750

Cost price of fan  =  750 ₹

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Updated on: 10-Oct-2022

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