Selling price at 15% profit — Aptitude Question
Selling price at 15% profit: An article bought for ₹800 is sold at a 15% profit. What is the selling price? Answer and worked solution on CodeKairo.
- Topic: Profit & Loss
- Section: Quantitative Aptitude
- Difficulty: Easy
- Time target: 40 seconds
Question
An article bought for ₹800 is sold at a 15% profit. What is the selling price?
Options
- ₹880
- ₹900
- ₹920
- ₹950
Show the answer and the worked solution
Correct answer: C. ₹920
Worked solution
- Profit = 15% of 800 = 120.
- Selling price = 800 + 120 = ₹920.
Answer: ₹920.
The idea
SP = CP × (1 + profit%/100). Work with the multiplier 1.15 directly rather than computing the profit separately when the numbers are friendly.
Shortcut. 10% of 800 is 80 and 5% is 40, so the profit is 120 and the price ₹920.
Common trap. ₹880 — adding only 10% (₹80) and dropping the extra 5% (₹40).