A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 40%?
Select the correct option
A) 600 B) 887 C) 256 D) 654 E) 700
Cost price = Rs.500   profit = 40% of 500 = Rs.200   Selling price = Cost price + Profit   = 500 + 200= 
<gadget id="calculator">500 + 200</gadget>
<output>700</output>
700   Answer: 700
<result>E</result>
A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 40%?