Vijay bought 160 shirts at the rate of Rs. 225 per shirt. The transport expenditure was Rs. 1400. He paid an octroi at the rate of Rs. 1.75 per shirt and labour charges were Rs. 320. What should be the selling price of one shirt, if he wants a profit of 20%? Choose the correct choice:
A) Rs. 258
B) Rs. 270
C) Rs. 277.5
D) Rs. 285
E) None of these
Total CP per shirt = 225 + 1400/160 + 1.75 + 320/160 = Rs. 237.5   SP = CP[(100 + profit%)/100]   = 237.5 * [(100 + 20)/100] = Rs. 285.   ANSWER:Rs. 285
<result>D</result>
Vijay bought 160 shirts at the rate of Rs. 225 per shirt. The transport expenditure was Rs. 1400. He paid an octroi at the rate of Rs. 1.75 per shirt and labour charges were Rs. 320. What should be the selling price of one shirt, if he wants a profit of 20%?