If a person sells a ceiling fan for ₹557.75, then he gets a 15% profit. To get a 20% profit, at what amount should he sell the fan?

₹582

Let the cost price = 100

Profit = 15%

Then the selling price = 115% of 100 = 115

Required profit = 20%

So the final selling price = 120% of 100 = 120

So, 115% of CP = 557.75

then, 120% of CP = \(\frac{557.75}{115}\) × 120 = ₹582