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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