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A shopkeeper bought an article for Rs. 500. At what price (in Rs.) should he sell the article to make a 30% profit?
Question

A shopkeeper bought an article for Rs. 500. At what price (in Rs.) should he sell the article to make a 30% profit?

A.

650

B.

350

C.

638

D.

662

Correct option is A

Given:
Cost Price (CP) = Rs. 500
Required Profit = 30%
Formula Used:
Selling Price (SP)=Cost Price (CP)×(1+Profit%100)\text{Selling Price (SP)} = \text{Cost Price (CP)} \times \left(1 + \frac{\text{Profit\%}}{100} \right)​​
Solution:
SP=500×(1+30100)=500×(130100)=650\text{SP} = 500 \times \left(1 + \frac{30}{100} \right) \\= 500 \times \left( \frac{130}{100} \right) \\= 650​​

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