The cost price of an article is ₹480.

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The cost price of an article is ₹480. It is to be sold at a profit of 12.5%, What is the selling price of the article?

Options:

₹500

₹560

₹540

₹492.5

Correct Answer:

₹540

Explanation:

Cost price of the article = 480

Profit = 12.5%

The selling price = 112.5% of the CP

= 112.5% of 480 = ₹540