The cost of an article is Rs. 500 and on selling it, the shopkeeper got 6.4% profit. Find the selling price of article.

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RRB NTPC Exam 20 Jan 2021 click here to view all questions

The cost of an article is Rs. 500 and on selling it, the shopkeeper got 6.4% profit. Find the selling price of article.

ARs. 522

BRs. 532

CRs. 544

DRs. 514

Akhilesh ? Apr 7 '25 at 21:37

correct answer is: option b [Rs. 532]
Explanation: The profit percentage is calculated on the cost price. To find the selling price, we first calculate the profit amount and then add it to the cost price.
Profit = (Profit Percentage / 100) * Cost Price
Profit = (6.4 / 100) * 500 = 32
Selling Price = Cost Price + Profit
Selling Price = 500 + 32 = 532

• Option a: Rs. 522 is incorrect because it doesn't represent the cost price plus the correct profit amount.
• Option b: Rs. 532 is the correct selling price calculated by adding the profit (6.4% of Rs. 500) to the cost price.
• Option c: Rs. 544 is incorrect as the profit calculation is wrong.
• Option d: Rs. 514 is incorrect because the profit calculation is wrong.

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correct answer is: option b [Rs. 532] Explanation: The profit percentage is calculated on the cost price. To find the selling price, we first calculate the profit amount and then add it to the cost price. Profit = (Profit Percentage / 100) * Cost Price Profit = (6.4 / 100) * 500 = 32 Selling Price = Cost Price + Profit Selling Price = 500 + 32 = 532 Option a: Rs. 522 is incorrect because it doesn't represent the cost price plus the correct profit amount. Option b: Rs. 532 is the correct selling price calculated by adding the profit (6.4% of Rs. 500) to the cost price. Option c: Rs. 544 is incorrect as the profit calculation is wrong. Option d: Rs. 514 is incorrect because the profit calculation is wrong. Akhilesh ? answered Apr 7 '25 at 21:37

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