Correct Answer - Option 2 : Rs. 532
Given:
Cost price of article = Rs. 500
Profit% = 6.4%
Formula used:
SP = CP × [(100 + Profit%)/100]
Calculation:
Selling price = Rs. 500 × [(100 + 6.4)/100]
⇒ Rs. 500 × (106.4/100)
⇒ Rs. 532
∴ The selling price of article is Rs. 532