By Ajay Kumar

Verified by Ajay Kumar

The difference between the selling price and the cost price of an article is ₹500. If the profit percentage is 25%, what is the selling price of the article?

  1. ₹2000

  2. ₹2500

  3. ₹2250

  4. ₹1500

Answer: B

Solution

Profit = ₹500. Since profit is 25% of cost price, \(CP=\frac{500\times100}{25}=2000\)₹. Selling price = Cost price + Profit = ₹2000 + ₹500 = ₹2500. Trick: A profit of 25% means the profit is one-fourth of the cost price.

Community answers

Votes use a first-party browser cookie to help prevent repeat votes. Votes indicate helpfulness, not correctness.

No community answers yet. Be the first to share how you solved it.

Share your solution

Help other learners understand the steps. Your answer will be reviewed before it appears.

Your answer will be checked by our team before publishing.