ABC26GN2741 · Profit and Loss
Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
The difference between the cost price and sale price of an article is ₹ 240. If the profit is 20\%, the selling price is
(a)₹ 1240
(b)₹ 1400
(c)₹ 1600
(d)None of these
Answer
Explanation
Let the C.P. be ₹ $x$. Then, S.P. $=120 \%$ of $₹ x=₹\left(x \times \frac{120}{100}\right)=₹ \frac{6 x}{5}$. $$\begin{aligned} & \therefore \frac{6 x}{5}-x=240 \Leftrightarrow x=1200 . \\ & \therefore \text { S.P. }=₹\left(\frac{6}{5} \times 1200\right)=₹ 1440 . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.
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