Question

By selling an article for 240 Rs, a man incurs a profit of 20. At what price should he sell it so that he makes a profit of 30?

(a) 250 Rs

(b) 260 Rs

(c) 270 Rs

(d) 280 Rs

Answer 1

To make a profit of 30 Rs, the man should sell the article for 250 Rs. Therefore, the correct option is A.

Step-by-step explanation:

To find the selling price to make a profit of 30 Rs, we need to calculate the cost price of the article first.

Given that selling price = 240 Rs and profit = 20 Rs, we can calculate the cost price using the formula:

Cost Price = Selling Price - Profit

Cost Price = 240 Rs - 20 Rs = 220 Rs

To make a profit of 30 Rs, we can use the formula:

Selling Price = Cost Price + Profit

Selling Price = 220 Rs + 30 Rs = 250 Rs

Therefore, the man should sell the article for 250 Rs to make a profit of 30 Rs.