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A shopkeeper bought an article for Rs. 500. At what price (in Rs.) should he sell the article to make 22% profit?
Question

A shopkeeper bought an article for Rs. 500. At what price (in Rs.) should he sell the article to make 22% profit?

A.

390

B.

598

C.

610

D.

622

Correct option is C

Given: 
CP = 500, profit% = 22%.
Formula Used:
SP=CP×(1+profit%100)SP = CP \times \left(1 + \frac{\text{profit}\%}{100}\right) 
Solution:
SP=500×(1+22100) SP=500×1.22=610SP = 500 \times \left(1 + \frac{22}{100}\right)\\\ \\SP = 500 \times 1.22 = 610​​
Alternate Solution:
Profit amount = 22% of 500 = 110
SP = 500 + 110 = 610. 
Exam Hall Method:

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