Profit and Loss Practice Test 7

Question : 14 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%,then what is the selling price?

Solution:

Here, 20% = Rs. 240
∴ 100% =

240/20 ×100

= Rs. 1200
Hence, cost price = Rs. 1200; Since, S.P. =

120/10

× 100= Rs. 1440

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