A fruit seller makes a profit of 20% on a box of apples. If the cost price of the box is ₹240, find its selling price.

₹296

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₹288

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₹300

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₹330

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Solution

The correct option is B
₹288

We have,
cost price (C.P.) of the box of apples = ₹240
Profit percentage = 20%

So, we can calculate the selling price (S.P.) by the equation,

$S . P . = C . P . + (p r o f i t % \times C . P .)$

$\Rightarrow S . P . = 240 + \frac{20}{100} \times 240$

$\Rightarrow S . P . = \frac{120}{100} \times 240$

$\Rightarrow S . P . =$ ₹288

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A fruit seller makes a profit of 20% on a box of apples. If the cost price of the box is ₹240, find its selling price.

The correct option is B ₹288 We have, cost price (C.P.) of the box of apples = ₹240 Profit percentage = 20% So, we can calculate the selling price (S.P.) by the equation, S.P.=C.P.+ (profit % × C.P.) ⇒S.P.=240+20100×240 ⇒S.P.=120100 × 240 ⇒S.P.= ₹288