The difference between CP and SP of an article is Rs. 240. If the profit is 20%, find the selling price.

Topic: Profit and Loss
Subtopic: Selling Price

ARs. 1,200

BRs. 1,440

CRs. 1,600

DRs. 1,800

Explanation

Profit = SP – CP = 240. 20% of CP = 240 => CP = 240 / 0.20 = Rs. 1,200. SP = 1200 + 240 = Rs. 1,440.

Exam Relevance

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