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A shopkeeper bought an article for ₹500. At what price (in ₹) should he sell the article to make 30% profit?

A650

B350

C638

D662

Answer:

A. 650

Read Explanation:

Cost Price (CP) = ₹500
Profit = 30% of CP

Profit = (30100×500=150)( \frac{30}{100} \times 500 = 150 )

Selling Price (SP) = CP + Profit
SP = 500 + 150 = ₹650

Answer: ₹650


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