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A shopkeeper bought an article for Rs. 540. At what price (in Rs. ) should he sell the article to make 10% profit?
Question

A shopkeeper bought an article for Rs. 540. At what price (in Rs. ) should he sell the article to make 10% profit?

A.

606

B.

594

C.

582

D.

486

Correct option is B

Given:

Cost Price (CP) = Rs. 540

Profit = 10%

Formula Used:

SP = CP×(1+Profit %100) \times \left(1 + \frac{\text{Profit \%}}{100}\right)​​

Solution:

SP = 540×(1+10100) 540 \times \left(1 + \frac{10}{100}\right)​​

540×1.10540 \times 1.10​​

= Rs. 594

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