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

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

A.

Rs. 1064

B.

Rs. 1526

C.

Rs. 1084

D.

Rs. 1024

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

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