Select the correct answerA merchant buys an article for 27 and sells it at a profit of 10%. The selling price of the article is?Options3029.73732
Question
Select the correct answerA merchant buys an article for 27 and sells it at a profit of 10%. The selling price of the article is?Options3029.73732
Solution
The selling price of the article can be calculated by adding the profit to the cost price.
Step 1: Calculate the profit. The profit is 10% of the cost price. So, 10/100 * 27 = 2.7
Step 2: Add the profit to the cost price to get the selling price. So, 27 + 2.7 = 29.7
Therefore, the selling price of the article is 29.7. So, the correct option is 29.7.
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