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The List Price of a Table Fan is Rs 480 and It is Available to a Retailer at 25% Discount. for How Much Should a Retailer Sell It to Gain 15%?

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Question

The list price of a table fan is Rs 480 and it is available to a retailer at 25% discount. For how much should a retailer sell it to gain 15%?

Answer in Brief
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Solution

\[\text { Marked price of the table fan = Rs } . 480\]

\[\text { Discount = 25 %  }\]

\[\text { Therefore, cost price = 25 % of Rs } . 480\]

\[\frac{25}{100} \times 480 = Rs . 360\]

\[\text { It is given that the profit on the table fan is 15 % } . \]

\[\text { Gain % } = \frac{\text { Gain }}{CP} \times 100\]

\[15 = \frac{\text { Gain }}{360} \times 100\]

\[\text  {Gain = Rs } . 54\]

\[\text { Gain = SP - CP }\]

\[54 = SP - 360\]

\[SP = Rs . 414\]

\[\text { Thus, the retailer will sell the table fan for Rs } . 414 .\]

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