A shopkeeper bought an article for ₹740. At what price (in ₹) should he sell the article to make 20% profit?
Given:
Cost Price (CP) = ₹740
Profit Percentage = 20%
Formula Used:
Selling Price (SP) = CP × (1 + )
Solution:
SP = 740 × (1 + )
SP = 740 × 1.2
SP = ₹888
The shopkeeper should sell the article for ₹888 to make a 20% profit.
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