The difference between cost price and selling price is Rs. 264. If profit percentage is 33 percent, then what is the selling price?

Correct option is A

Given: The difference between cost price and selling price is Rs. 264. Profit percentage is 33%.
Formula Used:
Profit Percentage = ((Profit))/((Cost Price) ) × 100
Profit = SP- CP
Solution:
Let the cost price be CP and selling price be SP.
Profit = SP - CP = 264.
33 = (264 / CP) × 100.
CP = 264 / 0.33 = 800.
SP = CP + Profit = 800 + 264 = Rs. 1064.
Another Method:
Let C.P be 100% then S.P = 100 + 33 = 133%
33% = 264
1% = 8
S.P = 133% = 8 × 133 = Rs. 1064