Multiple choice

The percentage of profit earned on an article by selling it at $960$ was $20$. What was the CP of the article?

  1. $600$
  2. $900$
  3. $800$
  4. $840$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit percent is calculated on the Cost Price (CP). If CP is x, then 1.20 * x = 960. Solving for x gives x = 960 / 1.20 = 800.

AI explanation

Using the formula cost price equals selling price multiplied by 100 divided by (100 plus profit percent), substitute the given values. The calculation is 960 multiplied by 100 divided by 120, which simplifies to 9600 divided by 12 to equal 800. The result is 800.

Keep practicing — related questions