A shopkeeper bought an article for ₹500. At what price (in ₹) should he sell the article to make 22% profit?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 610 .
Cost price = ₹500
Profit = 22% of 500 = (22 × 500) ÷ 100 = 110
Selling price = 500 + 110 = 610