Question

a person buys an article at rs 500. at what price should he sell the article so as to make a profit of 20%​

Answer 1

Answer:

$price \: of \: article = 500 \\ profit \: percentage = 20 \\ s.p = 500 \times \frac{20}{100} \\ = 5 \times \frac{20}{1} \\ = 5 \times 20 \\ = 100 \\ therefore \: net \: s.p = 500 + 100 \\ = 600rs.$

Answer 2

Given:

A person buys an article at rs 500.

To Find:

At what price should he sell the article so as to make a profit of 20%​

Solution:

Let the Cost Price be Rs.500

We know that,

Profit = Cost Price x Profit percentage/100

So,

Profit = Cost Price x 20/100 = 500 x 0.2 = Rs 100

Selling Price = Cost Price + Profit = 500 + 100 = Rs600

Hence, the person should sell the article for Rs600 so as to make a profit of 20%​.