A shopkeeper bought an article for Rs. 500. At what price (in Rs. ) should he sell the article to make 24% profit?

Correct option is D

Given:
Cost Price (C.P.) = ₹500
Profit Percentage = 24%
Formula Used:
​$$\text{Selling Price (S.P.)} = C.P. \times \left(1 + \dfrac{\text{Profit \%}}{100}\right)$$​​
Solution:
​$$\begin{aligned}&\Rightarrow S.P. = 500 \times \left(1 + \dfrac{24}{100}\right) \\&\Rightarrow S.P. = 500 \times (1 + 0.24) \\&\Rightarrow S.P. = 500 \times 1.24 \\&\Rightarrow S.P. = \text{₹}620\end{aligned}$$​​
The shopkeeper should sell the article for ₹620 to make a 24% profit.