By selling 18 table fans for ₹11,664 a man incurs a loss of 10%. How many fans should he sell for ₹17,424 to earn 10% profit?
Answer & explanation
Correct answer: option 2
Selling Price of 18 fans = 11664
Loss = 10%
CP of 18 fans = 11664 × \(\frac{10}{9}\) = 12960
Now, CP of 1 fans = \(\frac{12960}{18}\) = 720
New SP of 1 fans = 720 × \(\frac{11}{10}\) = 792
In Rs. 792 = 1 fan is sold
In Rs. 17,424, fans sold = \(\frac{1}{792}\) × 17424 = 22