Question

The difference between the cost price and sale price of an article is Rs 240. If the profit is 20%, the selling price is:

• A. $Rs.1440$
• B. $Rs.1400$
• C. $Rs.1600$
• D. None of these

Answer 1

The correct option is A $Rs.1440$

Given, gain% = 20

Diff. b/w SP and CP = 240

Now, Gain% $=\frac{SP-CP}{CP}\times 100$

$20=\frac{240}{CP}\times 100$

$CP=1200$

Therefore, $SP=1200+240$ [Becoz, $SP-CP=240$ ]

$=1440$