The difference between the cost price and the selling price of a table lamp is ₹540. If the profit is 30%, then the selling price (in ₹) is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 2,340.
Let Cost Price (CP) = ₹x
Profit = 30% of CP = 0.3x
Selling Price (SP) – CP = ₹540
So, Profit = ₹540
⇒ 0.3x = 540
⇒ x = 1800
SP = CP + Profit
⇒ 1800 + 540 = ₹2340