Question

A shopkeeper buys an item for Rs.2800 and sells it at a 15% profit. What is the selling price?

• A. Rs.3120
• B. Rs.3140
• C. Rs.3220
• D. Rs.3240

Hint:

Multiply cost price by $(1 + \frac{Profit}{100})$ to get selling price.

Answer 1

The Correct Option is C

Concept: Selling price with profit: \[ SP = CP \left(1 + \frac{Profit}{100}\right) \]
Explanation: CP = 2800, Profit = 15% \[ SP = 2800 \times 1.15 = 3220 \]