Question

The selling price and cost price of an article differ by Rs. $240$. If the profit percentage is $20$, then selling price is:

• A. Rs. $1440$
• B. Rs. $1200$
• C. Rs.$1420$
• D. None of these

Answer 1

Answer: (A)

Rs. $1440$

Let the C.P. $=$ Rs. $x$

Profit $=20\%$

Then S.P. $=\frac{120}{100}\times x=\frac{6x}{5}$

$\Rightarrow \frac{6x}{5}-x=240$

$\Rightarrow \frac{x}{5}=240$

$\Rightarrow x=240\times 5$

$\Rightarrow x=$ Rs. $1200$

Then S.P. $=1200+240=$ Rs. $1440$