Question

A shopkeeper bought an article for ₹500. At what price (in ₹) should he sell the article to make 28% profit?

• A. 628
• B. 652
• C. 640
• D. 360

Answer 1

Answer:

C. 640

Cost price (= 500)

Profit (= 28%)

Selling price:

$SP = CP \times \left(1+\frac{28}{100}\right)$

$= 500 \times \frac{128}{100}$

$= 5 \times 128$

= 640

So, the article should be sold for:

$\boxed{640}$