Shopkeeper buys 5 fans for: Rs 4050
Transportation cost : Rs 50
∴ Cost price =Rs 4050+Rs 60
=Rs 4100
Gain (%)=15%
∴ Formula:-
gain (%)=
100×[selling price(S.P)–cost price(S.P)] / cost price
15= 100×[S.P−4100]/4100
S.P=41×15+4100
S.P=615+4100
S.P=Rs 4715
Ans. Selling price of 5 fans =Rs 4715
Thus selling price of 1 fan = Rs 4715/5
=Rs 943/−
