Profit and Loss Practice Test 3

Question : 25 of 40

Marks: +1, -0

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

Solution:

Let the CP of the article = x
Profit per cent = 20%
Profit price = Rs 240
x of 20% = 240

{x×20}/100=240

x={240×100}/20=1200

So, cost price = 1,200
Sale price = 1,200 + 240 = Rs 1,440

Go to Question:

Prev Question

Next Question