Question

An article is bought for Rs 8600 and is sold at a profit of 20 %. Find its selling price.

Answer 1

Selling price = 8600 + Profit

Selling price = 8600 + ( 8600 × 20/100 )

Selling price = 8600 + ( 86 × 20 )

Selling price = 8600 + 1720

Selling price = Rs 10,320