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A shopkeeper bought an article for Rs. 520. At what price (in Rs. ) should he sell the article to make 30% profit?
Question

A shopkeeper bought an article for Rs. 520. At what price (in Rs. ) should he sell the article to make 30% profit?

A.

364

B.

688

C.

676

D.

664

Correct option is C

Given:
Cost Price (CP) = Rs. 520
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=520×(1+30100)=520×(130100)=520×130100=676\text{SP} = 520 \times \left(1 + \frac{30}{100} \right) \\= 520 \times \left( \frac{130}{100} \right) \\= \frac{520 \times 130}{100} \\= 676​​

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