Vedant bought two fans for Rs. 840 each. One of them was damaged and he had to sell it for Rs. 720. He sold the other for Rs. 1050. Did he have gain or loss? Find the gain or loss %

Dear Student,

Cost Price of 1 fan = Rs 840Cost price of 2 fans = Rs840×2 = Rs 1680Selling price of 1 fan = Rs 720Selling price of 2nd fan= Rs 1050Total S.P. of fans= Rs1050+720 = Rs 1770Since,SP>CP, so there is profitProfit= SP-CPProfit = Rs1770-1680 = Rs 90Profit %age = 901680×100Profit %age = 5.36%

Regards

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