Question

A shopkeeper bought an article for ₹500. At what price (in ₹) should he sell the article to make 26% profit?

• A. 618
• B. 630
• C. 370
• D. 642

Answer 1

Answer:

B. 630

Cost Price (CP) = ₹500
Profit = 26%

Step 1: Calculate Profit amount

$\text{Profit} = 26$
$= \frac{26}{100} \times 500$
= 130

Step 2: Calculate Selling Price (SP)

$\text{SP} = \text{CP} + \text{Profit}$
= 500 + 130
= 630

Final Answer: He should sell the article for ₹630 to make 26% profit.