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      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 Γ· 1.25 = Rs. 400

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

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