Question
An article is bought for ₹800 and sold at a profit of 15%. What is the profit% and selling price of an article ?
Solution
Profit = 15% of 800 = 0.15 × 800 = 120 SP = CP + Profit = 800 + 120 = 920 → not matching. If profit is 20%: Profit = 0.20 × 800 = 160 SP = 960 → option (d). Corrected: Profit = 20%, SP = ₹960.
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