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- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Correct Answer: C
Correct Answer: C
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Profit and Loss
The selling price equals cost price multiplied by 118 percent. Thus, Rs. 2500×1.18=Rs. 2950.
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
An article costing Rs. 2500 is sold at a profit of 18%. Find the selling price.
Explanation
Correct Answer: C
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Profit and Loss
The selling price equals cost price multiplied by 118 percent. Thus, Rs. 2500×1.18=Rs. 2950.
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