Profit and Loss Practice Test 7

Question : 38 of 40

Marks: +1, -0

The cost price of an article is Rs 480. If it is to be sold at a profit of 6.25 per cent, how much would be its selling price?

Solution:

CP of an article = Rs 480
Profit per cent = 6.25%
Selling price =

480 + 6.25/100 × 480

= Rs 510

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