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A merchant buys an article for $ 27 and sells it at a profit of 10% of the selling price. The selling price of the article is :
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- $ 29.70
- $ 30
- $ 37
- $ 32
Correct Option: B
Here , Cost Price = $ 27 , Profit% = 10%
S.P. – C.P. = | = | | 100 | 10 |
⇒ S.P. - | = C.P. | 10 |
⇒ | = 27 | 10 |
⇒ S.P. = | = $ 30 | 9 |
Second method to solve this question :
C.P. = 27, Profit = | 100 |
Profit = | 10 |
∴ Profit = S.P. – C.P.
⇒ | = S.P. - 27 | 10 |
27 = S.P. – | 10 |
S.P. = | = $ 30 | 9 |