If cost price of an article is Rs. 220 and profit is 20%, then what will be the selling price of the article?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 264
Selling price = Cost price + Profit
Selling price = 220 + 20% of 220
Selling price = 220 + 44 = 264 Rs.