Question

    A shopkeeper makes a profit of 25% by selling an item for

    Rs. 500. What should be the selling price to make a profit of 40%?
    A Rs.335 Correct Answer Incorrect Answer
    B Rs.560 Correct Answer Incorrect Answer
    C Rs.445 Correct Answer Incorrect Answer
    D Rs.220 Correct Answer Incorrect Answer

    Solution

    ATQ,

    So, cost price of the item = 500 ÷ 1.25 = Rs. 400

    So, selling price of the item when sold at 40% profit = 400 × 1.4 = Rs. 560

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