Question

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

• A. 650
• B. 350
• C. 638
• D. 662

Answer 1

Answer:

A. 650

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

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

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

Answer: ₹650