The cost price of an article is Rs.6,450. If it sold at a profit 16%, how much would be its selling price?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs 7,482
16% of the cost price of the article = 16% of 6450 = 1032
Thus, the selling price would be = 6450 + 1032 = 7482