Question

By selling an article, a trader makes a profit of $720. If the cost price is $480, what is the selling price?

a) $1580.00
b) $720.00
c) $110,000.00
d) $200,000.00

Answer 1

The selling price of the article is determined by adding the profit of $720 to the cost price of $480, resulting in a selling price of $1200.

Step-by-step explanation:

To calculate the selling price of the article when the trader makes a profit of $720 on a cost price of $480, you simply add the profit to the cost price. Here's the calculation:

Selling Price = Cost Price + Profit
Selling Price = $480 + $720
Selling Price = $1200

Therefore, the selling price of the article is $1200.