Shubham bought a book from Meesho at ₹500. Meesho also charged an additional ₹25 for packaging and ₹50 for delivering the book. For what amount should Shubham sell his book to make a profit of 16%?
Answer & explanation
Correct answer: option 1
Cost price for shubham = 500
Other charges = 50 and 25 rupees
total cost price = 500 + 75 = 575
Profit earned on total cost = 16%
So the selling price = 116% of 575 = 667