If a person purchases an item at ₹3,000 and he sells it at 10% profit, then find the selling price of the item.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹3,300.
S.P. = C.P. × (100 + P/L)/100
Given that
C.P. = ₹3,000
Profit = 10%
Now, S.P. = 3,000 × (110/100)
⇒ 3,300
Hence the required selling price is ₹3,300.