If cost price of an article is Rs.220 andprofit is 20%, then what will be the selling price of the article ?

Options

A. Rs. 264
B. Rs. 216
C. Rs.176
D. Rs. 256

Answer

To find the selling price of an article given its cost price and profit percentage, we can follow these steps:

### Step 1: Identify the Cost Price (CP)
The cost price of the article is given as Rs. 220.

### Step 2: Identify the Profit Percentage
The profit percentage is given as 20%.

### Step 3: Calculate the Profit Amount
To calculate the profit amount, we use the formula:
\[ \text{Profit} = \left(\frac{\text{Profit Percentage}}{100}\right) \times \text{Cost Price} \]
Substituting the values:
\[ \text{Profit} = \left(\frac{20}{100}\right) \times 220 = 0.2 \times 220 = Rs. 44 \]

### Step 4: Calculate the Selling Price (SP)
The selling price is calculated by adding the profit to the cost price:
\[ \text{Selling Price} = \text{Cost Price} + \text{Profit} \]
Substituting the values:
\[ \text{Selling Price} = 220 + 44 = Rs. 264 \]

### Conclusion
The selling price of the article is Rs. 264.

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