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Paro purchased 2 ceilings fans for ₹1000 each she sold one of them at a loss of 10 percent at what price should the other fan be sold to gain 20 percent on the whole transaction?
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Paro purchased 2 ceilings fans for ₹1000 each she sold one of them at ...
Understanding the Purchase
Paro purchased 2 ceiling fans for ₹1000 each.
- Total Cost = 2 fans × ₹1000 = ₹2000
Calculating the Loss on One Fan
Paro sold one fan at a loss of 10%.
- Loss on one fan = 10% of ₹1000 = ₹100
- Selling Price of the first fan = Cost Price - Loss = ₹1000 - ₹100 = ₹900
Determining Total Selling Price Needed for Profit
To achieve a 20% gain on the overall transaction:
- Desired Profit = 20% of Total Cost = 20% of ₹2000 = ₹400
- Required Total Selling Price = Total Cost + Desired Profit = ₹2000 + ₹400 = ₹2400
Calculating Selling Price of the Second Fan
Now, we need to find the selling price of the second fan.
- Let the Selling Price of the second fan be 'x'.
- Total Selling Price from both fans = Selling Price of first fan + Selling Price of second fan
- Therefore, ₹900 + x = ₹2400
Finding the Selling Price of the Second Fan
- Rearranging the equation: x = ₹2400 - ₹900
- x = ₹1500
Conclusion
To gain a total profit of 20% on the whole transaction, the second ceiling fan should be sold for ₹1500.
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Paro purchased 2 ceilings fans for ₹1000 each she sold one of them at a loss of 10 percent at what price should the other fan be sold to gain 20 percent on the whole transaction?
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Paro purchased 2 ceilings fans for ₹1000 each she sold one of them at a loss of 10 percent at what price should the other fan be sold to gain 20 percent on the whole transaction? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Paro purchased 2 ceilings fans for ₹1000 each she sold one of them at a loss of 10 percent at what price should the other fan be sold to gain 20 percent on the whole transaction? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Paro purchased 2 ceilings fans for ₹1000 each she sold one of them at a loss of 10 percent at what price should the other fan be sold to gain 20 percent on the whole transaction?.
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