A shopkeeper bought an article for Rs. 540. At what price (in Rs.) should he sell the article to make 20% profit?

Correct option is A

Given:

Cost Price (C.P.) = Rs. 540

Profit = 20%

Formula Used:

S.P. = $$C.P. \times \left(1 + \frac{\text{Profit \%}}{100}\right)$$​​

Solution:

S.P. = $$540 \times \left(1 + \frac{20}{100}\right)$$​​

​$$= 540 \times 1.20$$​​

= 648

Thus, Selling price is Rs. 648