A shopkeeper bought an article for &520. At what price (in 7) should he sell the article to make 20% profit?

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A shopkeeper bought an article for &520. At what price (in 7) should he sell the article to make 20% profit?

A612

B636

C624

D416

Answer:

C. 624

Read Explanation:

Assume the cost price (CP) = ₹520

Profit = 20% of CP

$\text{Profit} = 20% \text{ of } 520 = \frac{20}{100} \times 520 = 104$
Selling Price (SP)

$SP = CP + Profit = 520 + 104 = 624$

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