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. $1400$
• C. Rs. $1440$
• D. Rs. $1600$

Answer 1

Answer: (C)

Rs. $1440$

let the $C.P=Rs.100$

$Profit=Rs20$

then $S.P=Rs.120$

Difference between $C.P$ and $S.P$=$120-100=Rs.20$

If the difference between $C.P$ and $S.P$ is Rs.$20$ then S.P=Rs.$120$

If the difference between $C.P.$ and $S.P.$ is Rs.$240$ then S.P$=\frac{120}{20}\times 240=Rs.1440$