Question

The cost price of an article is ₹ 500. If it is sold at a profit of 20%, what is its selling price? *​

Answer 1

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Profit = selling price - cost price

Profit = 500

If 20% is 500, then 100% is:

= 500 × (100/20)

= 500 × 5

Cost price = ₹ 2500

Selling price = cost price + 500

Selling price = 2500 + 500

= ₹ 3000

Hence, the selling price is ₹ 3000.

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Answer 2

Answer:

ur answer is 2500

Step-by-step explanation:

500 ÷ 20 %

500 ÷ 20 / 100

500 × 100 / 20

2500

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