A shopkeeper bought 5 fans at rupess 1000 each. Later he found he found that one fan was defective. So he sold it at a loss of 20℅. At what price should he sell the remaining fans, if he want to make an overall profit of 20℅ ? Answer: 1300each but how it came pls explain

A shopkeeper bought 5 fans at rupess 1000 each. Later he found he foun

1.	A shopkeeper bought 5 fans at rupess 1000 each. Later he found he found that one fan was defective. So he sold it at a loss of 20℅. At what price should he sell the remaining fans, if he want to make an overall profit of 20℅ ? Answer: 1300each but how it came pls explain
Answer» 1300 rsStep-by-step EXPLANATION:Total cost 5000 rs20% loss means -200 rs.20% PROFIT overall means +1000 rstotal earning required 1000+200=1200 rscost of remaining fans 4000 rsselling PRICE of 4 fans 4000 + 1200 =5200 rsselling price of 1 fan 1300 rs