A shopkeeper bought an article for ₹500. At what price (in ₹) should he sell the article to make 26% profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 630.
Profit = 26% of 500 = 0.26 × 500 = 130
Selling Price = 500 + 130 = ₹630