Railway Recruitment Board Mathematics — Question 648

Question

A shopkeeper sells an item at 20% profit. If CP is ₹500, find SP.

  1. ₹550
  2. ₹600
  3. ₹650
  4. ₹700

Correct answer

B — ₹600

Explanation (English)

Profit = 20% of 500 = 100. SP = CP + Profit = 500 + 100 = ₹600

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