The list price of a smart fan is Rs. 5,600 and it is available to a retailer at 25% discount. For how much should a retailer sell it to gain 15%?
Given:
List Price (Marked Price) = Rs. 5600
Discount = 25%
Desired Profit = 15%
Formula Used:
Cost Price =
Selling Price =
Solution:
Cost Price =
Selling Price =
Thus, The retailer should sell it for Rs.4830
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