Rahul bought a pen for ₹450. For how much should he sell it in order to make a profit of 20%?

₹ 500

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₹ 550

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₹ 400

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 540

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Solution

The correct option is D
₹ 540

C.P = ₹450

Profit% = 20%

$S . P = \frac{100 + profit %}{100} \times C . P$

= $\frac{120}{100} \times 450$

= ₹540

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