The cost price of an article is Rs 4800. It is to be sold at a profit of 6.25%. What should its selling price be?
ARs 5100 ✓ Correct
BRs 5150
CRs 5400
DRs 5500
Correct answer: (A) Rs 5100
Explanation
The selling price should be Rs. 5100.
Cost price = Rs. 4800 with a profit of 6.25%.
Profit = 6.25% of 4800 = 300.
Selling price = cost + profit = 4800 + 300.
4800 + 300 = 5100.
So the selling price is Rs. 5100.
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