Multiple choice

The cost price of a gold plated bangle is Rs. 500. Selling the bangle fetches a profit of about 10%. What is the selling price of the bangle?

  1. Rs. 350

  2. Rs. 550

  3. Rs. 850

  4. Rs. 960

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost price is 500. Profit is 10% of 500, which is 50. Selling price = 500 + 50 = 550.

AI explanation

Using the formula for selling price when a profit percentage is applied, Selling Price equals Cost Price multiplied by (100 plus Profit Percentage) divided by 100. The cost price is 500 and the profit is 10 percent. The selling price is 500 multiplied by 110 divided by 100, which is 550.

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