Question

Cost of an item is Rs.500. It was sold with a profit of 20%. What is the selling price?

Answer 1

Answer:

Rs. 600

Step-by-step explanation:

Cost price = Rs. 500

Profit = 20%

Profit amount =

$\frac{20}{100} \times 500 = 100$

Selling price = Cost price + Profit

SP = 500 + 100

or, SP = Rs. 600

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