Multiple choice

A man sold a fan at 15% profit. If he sold it at 18% profit, he gets Rs. 960 more. So find the cost price of the fan?

  1. Rs. 32900

  2. Rs. 32700

  3. Rs. 32000

  4. Rs. 32600

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The correct answer is C. Let the cost price be x. The difference between 18% profit and 15% profit is 3% of x, which equals Rs. 960. So 0.03x = 960, giving x = 960 / 0.03 = Rs. 32,000. Options A, B, and D are incorrect calculations. The key insight is that the 3% difference in profit rates directly corresponds to the Rs. 960 difference in selling prices.

Keep practicing — related questions