Question

The difference between the cost price and sale price of an article is Rs. 240. If the profit per cent is 20, at what price was the article sold?

• A. Rs. $1240$
• B. Rs. $1340$
• C. Rs. $1440$
• D. Rs. $1540$

Answer 1

The correct option is C Rs. $1440$

SP-CP =240

Let CP be $x$

$⟹x+\frac{20}{100}x-x=240$

$⟹\frac{x}{5}=240$

$x=1440$