Question

To make a profit of 20% the selling price of the good is Rs. 240. The cost price of the good is,

• A. 200
• B. 220
• C. 216
• D. 224

Answer 1

Answer:

A. 200

Let cost price of the good be x ⇒ selling price = cost price + (profit%/100 × cost price) ⇒ 240 = x + (20x/100) ⇒ 120x/100 = 240 ⇒ x = 200