A trader buys an article for Rs 1200 and sells it at a profit of 8%. What is the selling price?
Answer and explanation
Correct answer: A. Rs 1296
- Step 1: Selling price = cost price x (100 + profit%) / 100.
- Step 2: 1200 x 108 / 100 = 1296.
Answer
Rs 1296.
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