A shopkeeper bought an article for ₹500. At what price (in ₹) should he sell the article to make 28% profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 640.
Selling price = Cost price × (1 + Profit %)
= 500 × (1 + 28/100)
= 500 × 1.28 = 640