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Question 118
The cost price of an article is Rs. 480. If it is to be sold at a profit of 6.25 per cent, what would its selling price be ?
Solution
The selling price of article is, Selling price = Cost Price + Selling price * (Percent Profit/100)
Selling Price = 480 + (6.25/100)*480 = 510
Hence, the correct option is option A.
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