Question

A dealer bought an article for Rs1500 and sold it at 20 percent profit . what was rhe sale price of the article?

Answer 1

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Given that , a dealer bought an article for Rs 1500 and sold it at a profit of 20% .

So , here ,

• Cost price of the article = Rs 1500.
• Profit on the article = 20% .

Since the article is sold at profit , the Selling price of the article will equal to Cost price + 20% of cost price .

Firstly let's Calculate 20% of 1500 .

= 20% of Rs 1500 .

= 20/100 × Rs 1500 .

= Rs 300 .

Hence we can find now Selling price as ,

$\boxed{\green{\bf Selling\: Price=Cost\:Price+Profit}}$

⇒ SP = CP + Profit .

⇒ SP = Rs ( 1500 + 300 ).

⇒ SP = Rs 1800 .

Hence the required answer is Rs 1800.