An article bought for ₹500 is sold at a profit of . What is the selling price (in ₹)?

Answer and explanation

Correct answer: B. 550

  1. Step 1: State the relationship between selling price (), cost price (), and percentage profit (): .
  2. Step 2: Substitute and : .
  3. Step 3: Compute the selling price: .
Answer
550.

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