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The difference between the CP and SP of an article is 240. If the profit is 20% then the SP is:

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1240

1440

1200

1600

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Detailed Solution

Step 1: To start, we must utilise the formula (A) to calculate the gain (

%

by replacing all the numbers in the formula

(A)

as instructed in the
suggestion.

⇒ 20 = 240 C P × 100 … … … … .... (1)

⇒ C P = 24020 × 100 ⇒ C P = 1200 … … … … (2)

In step 3, we can now easily calculate the selling price using the cost price that was discovered in case 2's
(SP). Hence,

⇒ S P = 1200 + 240 ⇒ S P = 1440

As a result, using the method (A), we were able to calculate the selling price, which was

1440 rs

.
Hence, option (2) is the right Ans:.

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