Multiple choice

If the cost price of a product is Rs. 20,000 and gain is 20%, what is its selling price?

  1. Rs. 22,000

  2. Rs. 23,000

  3. Rs. 26,000

  4. Rs. 24,000
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Selling Price = Cost Price * (1 + Gain Percentage). SP = 20,000 * (1 + 0.20) = 20,000 * 1.2 = 24,000.

AI explanation

Use the selling price formula: Selling Price = Cost Price multiplied by (1 + Gain Percentage divided by 100). Substituting the given values results in Selling Price = 20000 multiplied by (1 + 0.20). This calculation gives 20000 multiplied by 1.20, which equals 24000. The selling price is Rs. 24000.

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