A shopkeeper buys a fan for Rs 14500. For how much should he sell (in Rs) it so as to gain a profit of 10%?

Options

A. 15950
B. 13050
C. 16050
D. 15450

Answer

To find out how much the shopkeeper should sell the fan to gain a profit of 10%, we can follow these steps:

### Step 1: Identify the Cost Price (CP)
The cost price of the fan is given as Rs 14,500.

### Step 2: Calculate the Profit
To calculate the profit, we need to find 10% of the cost price.
\[ \text{Profit} = \frac{10}{100} \times \text{Cost Price} \]
\[ \text{Profit} = \frac{10}{100} \times 14,500 = 1,450 \]

### Step 3: Calculate the Selling Price (SP)
The selling price can be calculated by adding the profit to the cost price.
\[ \text{Selling Price} = \text{Cost Price} + \text{Profit} \]
\[ \text{Selling Price} = 14,500 + 1,450 = 15,950 \]

### Conclusion
The shopkeeper should sell the fan for Rs 15,950 to gain a profit of 10%.

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