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What is the selling price if a profit of 5% is made on a fan bought for Rs. 560 and expenses of Rs. 40 made on its repair?
  • a)
    Rs. 600
  • b)
    Rs. 630
  • c)
    Rs. 650
  • d)
    Rs. 680
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the selling price if a profit of 5% is made on a fan bought fo...
C.P. = 560 + 40 = 600
S.P. = 600 + 5% of 600 

 
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Community Answer
What is the selling price if a profit of 5% is made on a fan bought fo...
To find the selling price, we need to calculate the total cost and then add the desired profit.

1. Calculate the total cost:
The fan was bought for Rs. 560 and an additional Rs. 40 was spent on its repair. So, the total cost of the fan is Rs. 560 + Rs. 40 = Rs. 600.

2. Calculate the profit:
The desired profit is 5% of the total cost. To calculate this, we can use the formula:
Profit = (Profit percentage/100) * Cost price
Profit = (5/100) * 600 = Rs. 30

3. Calculate the selling price:
The selling price is equal to the total cost plus the profit. So, the selling price is:
Selling price = Total cost + Profit
Selling price = 600 + 30 = Rs. 630

Therefore, the selling price of the fan is Rs. 630.

Calculation summary:
Total cost = Rs. 600
Profit = Rs. 30
Selling price = Rs. 600 + Rs. 30 = Rs. 630

The correct answer is option B) Rs. 630.
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What is the selling price if a profit of 5% is made on a fan bought for Rs. 560 and expenses of Rs. 40 made on its repair?a)Rs. 600b)Rs. 630c)Rs. 650d)Rs. 680Correct answer is option 'B'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about What is the selling price if a profit of 5% is made on a fan bought for Rs. 560 and expenses of Rs. 40 made on its repair?a)Rs. 600b)Rs. 630c)Rs. 650d)Rs. 680Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the selling price if a profit of 5% is made on a fan bought for Rs. 560 and expenses of Rs. 40 made on its repair?a)Rs. 600b)Rs. 630c)Rs. 650d)Rs. 680Correct answer is option 'B'. Can you explain this answer?.
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