Question 62
The cost price of an article is ₹480. It is to be sold at a profit of 12.5%, What is the selling price of the article?
Solution
The cost price of an article is ₹480. It is to be sold at a profit of 12.5%.
The selling price of the article = 480 of (100+12.5)%
= 480 of 112.5%
= $$480\times\ \frac{9}{8}$$
= ₹540
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