Question

Anand bought an article for
rs 550 and sold it at 20% profit
what was the selling price of the article.​

Answer 1

selling price will be 660

Answer 2

Answer:

The selling price of the article is Rs. 660.

Step-by-step explanation:

The cost price is, CP = Rs. 550.

Profit = 20%

Compute the selling price as follows:

$SP=CP[1+\frac{Profit}{100}]\\=550\times[1+\frac{20}{100}]\\=550\times 1.20\\=660$

Thus, the selling price of the article is Rs. 660.