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A shopkeeper bought an article for Rs. 520. At what price (in Rs.) should he sell the article to make 20% profit?
Question

A shopkeeper bought an article for Rs. 520. At what price (in Rs.) should he sell the article to make 20% profit?

A.

612

B.

636

C.

624

D.

416

Correct option is C

Given:
Cost Price (CP) = Rs. 520
Required Profit = 20%
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=520×(1+20100)=520×(120100)=520×120100=624\text{SP} = 520 \times \left(1 + \frac{20}{100} \right) \\= 520 \times \left( \frac{120}{100} \right) \\= \frac{520 \times 120}{100} \\= 624​​

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