Multiple choice

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?

  1. Rs. $1240$
  2. Rs. $1400$
  3. Rs. $1440$
  4. Rs. $1600$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit = 20% of CP. Profit = SP - CP = 240. 0.2 * CP = 240, so CP = 1200. SP = CP + 240 = 1440.

AI explanation

Using the profit percentage formula, Profit = (Profit% / 100) * Cost Price, we have 240 = 0.20 * Cost Price. This makes the cost price Rs 1200. The selling price is the cost price plus the profit, 1200 + 240 = Rs 1440.

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