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On selling a fan for Rs. 810, Sunil gains 8%. For how much did he purchase it?
  • a)
    Rs. 720            
  • b)
    Rs. 730
  • c)
    Rs. 750            
  • d)
    Rs. 800
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
On selling a fan for Rs. 810, Sunil gains 8%. For how much did he purc...
SP= Rs. 810, gain %=8% CP of the fan
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Most Upvoted Answer
On selling a fan for Rs. 810, Sunil gains 8%. For how much did he purc...
Given:
- Selling price of the fan = Rs. 810
- Profit gained by Sunil = 8%

To find:
The purchase price of the fan.

Solution:
Let's assume the purchase price of the fan is 'x' rupees.

Step 1: Calculate the profit gained by Sunil
Profit = Selling Price - Purchase Price

Given that the profit gained by Sunil is 8% of the purchase price, we can write it as:
8% of x = 810 - x

Step 2: Convert the percentage to a decimal
8% = 8/100 = 0.08

So, the equation becomes:
0.08x = 810 - x

Step 3: Simplify the equation
0.08x + x = 810
1.08x = 810
x = 810/1.08
x = 750

Answer:
The purchase price of the fan is Rs. 750. Hence, option (c) is correct.
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On selling a fan for Rs. 810, Sunil gains 8%. For how much did he purchase it?a)Rs. 720b)Rs. 730c)Rs. 750d)Rs. 800Correct answer is option 'C'. Can you explain this answer?
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