If a person purchases an item at ₹3,000 and he sells it at 10% profit, then find the selling price of the item.
Answer & explanation
Correct answer: option 4
The cost price of the item for the customer = 3000
Profit earned by him = 10%
Selling price of the article = 110% of the cost price
Selling price of the article = 110% of 3000 = ₹3,300