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» <html><body><p>1300 rsStep-by-step <a href="https://interviewquestions.tuteehub.com/tag/explanation-455162" style="font-weight:bold;" target="_blank" title="Click to know more about EXPLANATION">EXPLANATION</a>:Total cost 5000 rs20% loss means -200 rs.20% <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> overall means +1000 rstotal earning required 1000+200=<a href="https://interviewquestions.tuteehub.com/tag/1200-270699" style="font-weight:bold;" target="_blank" title="Click to know more about 1200">1200</a> rscost of remaining fans <a href="https://interviewquestions.tuteehub.com/tag/4000-315574" style="font-weight:bold;" target="_blank" title="Click to know more about 4000">4000</a> rsselling <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of 4 fans 4000 + 1200 =5200 rsselling price of 1 fan 1300 rs</p></body></html>