The profit Deepa makes by selling a fan for ₹1,340 equals the loss she makes by selling it for ₹1,060. At what price should she sell it to make a 15% profit?

Explanation

1. 01

   Profit = loss means the CP is exactly halfway between the two prices.

2. 02

   CP = $\frac{1340 + 1060}{2} = 1200$, that is ₹1,200.

3. 03

   SP for 15% profit = $1200 \times 1.15$ = ₹1,380.