Question

An article bought for ₹ 350 is sold at a profit of 20%. Find its selling price.

Answer 1

Step 1: Find profit (in ₹)

Given: C.P. of article = ₹ 350

Profit =20%

Now, Profit (in ₹) = C.P. ×$\frac{Profit}{100}$

=350×$\frac{20}{100}$
=35×2
=70

Step 2: Find the selling price

Selling price = C.P. + Profit (in ₹)

=350+70

= ₹ 420

Hence, the selling price of the article is ₹ 420.