Question
The ratio between the cost price and the marked price of
a table fan is 7:10 and the ratio between the marked price and selling price of the table fan is 5:4. Find the percentage of profit earned on selling the table fan.Solution
Let the cost price and marked price of the table fan be Rs. 7x and Rs. 10x respectively. So, the selling price of the table fan = Rs. 10x X (4/5) = Rs. 8x So, required profit percentage = {(8x - 7x) /7x} X 100 = 14.28%
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