The cost price of an article is Rs. 7840. What should be the selling price of the article so that there is a profit of 7% ?

A. Rs. 8000

B. Rs. 8300

C. Rs. 8388.80

D. Rs. 8500.50

Answer: Option C

Solution(By Examveda Team)

$$\eqalign{ & {\text{C}}{\text{.P}}{\text{.}} = {\text{Rs}}.7840 \cr & {\text{Profit}} = 7\% \cr & \therefore {\text{S}}{\text{.P}}{\text{.}} = {\text{Rs}}{\text{.}}\left( {\frac{{107}}{{100}} \times 7840} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. }}8388.80 \cr} $$