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The difference between the cost price and the selling price of a table lamp is ₹540. If the profit is 30%, then the selling price (in ₹) is:

  1. A
    2,800
  2. B
    2,340
  3. C
    2,280
  4. D
    2,150

Solution & Step-by-step Explanation

The difference between the selling price (SP) and cost price (CP) when there is a profit is equal to the profit amount.
Profit=SP−CP=₹540
Given that profit percentage is 30%:

30% of CP=540
100
30
​
×CP=540
CP=
30
540×100
​
=18×100=₹1,800
Selling price is CP+Profit:

SP=1800+540=₹2,340

Practice this question

Try it yourself before checking the explanation above.

The difference between the cost price and the selling price of a table lamp is ₹540. If the profit is 30%, then the selling price (in ₹) is:
A
2,800
B
2,340
C
2,280
D
2,150

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