A shopkeeper bought an article for ₹1,200. At what price (in ₹) should he sell…
2026
A shopkeeper bought an article for ₹1,200. At what price (in ₹) should he sell the article to make a 30% profit?
Answer: B. 1,560 — ConceptProfit percentage is calculated on the cost price. Therefore, selling price = cost price × (100 + profit percentage) / 100. ApplicationLet the cost…
- A.
1,548
- B.
1,560
- C.
1,572
- D.
840
Attempted by 129 students.
Show answer & explanation
Correct answer: B
Concept
Profit percentage is calculated on the cost price. Therefore, selling price = cost price × (100 + profit percentage) / 100.
Application
Let the cost price be ₹1,200 and the profit rate be 30%.
Profit = 30% of ₹1,200 = (30/100) × 1,200 = ₹360.
Selling price = cost price + profit = ₹1,200 + ₹360 = ₹1,560.
Cross-check
The increase is ₹1,560 − ₹1,200 = ₹360, and ₹360/₹1,200 × 100 = 30%. Hence, the required selling price is ₹1,560.