A shopkeeper buys an article for Rs 2 and sells it at a profit of 10 percent of the selling price What is the selling price of the article?
A shopkeeper buys an article for Rs 2 and sells it at a profit of 10 percent of the selling price What is the selling price of the article?
Explanation
C.P = 2 Profit = 10%
S.P=?
S.P = C.P (100 +P%)/ 100
S.P = 2 (100 + 10)/100
S.P = 27 (110) /100
S.P = 29.7