A person buys an article at Rs.550.

A person buys an article at Rs.550. At what price should he sell the article so as to make a profit of 30%?

Answer/Solution

715

Steps/Work

Cost price = Rs.550
profit = 30% of 550 = Rs.165
Selling price = Cost price + Profit
= 550 + 165 = 715
Answer: B

Gain Calculator / Auto Solver

A person buys an article at $. At what price should he sell the article so as to make a profit of %?

Calculated Answer

715

Step by Step Solution

In order to solve problem, you must evaluate n₀ + n₀ * n₁ / 100.

n₀ =	550
n₁ =	30

n₀ + n₀ * n₁ / 100
Evaluate n₁ / 100 = 0.3
n₀ + n₀ * 0.3
Evaluate n₀ * 0.3 = 165
n₀ + 165
Evaluate n₀ + 165 = 715
715
The answer to the problem and the result of n₀ + n₀ * n₁ / 100 is 715