Question
Download Solution PDFA shopkeeper bought an article for ₹520. At what price (in ₹) should he sell the article to make 20% profit?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) = ₹520
Profit Percentage = 20%
Formula used:
Selling Price (SP) = CP × (1 + Profit Percentage/100)
Calculation:
SP = 520 × (1 + 20/100)
⇒ SP = 520 × (1 + 0.2)
⇒ SP = 520 × 1.2 = ₹624
∴ The correct answer is option (2).
Last updated on Jul 8, 2025
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