The difference between the selling price and cost price of a certain article is Rs. 200. If the profit is 25%, then the selling price of the article is

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Rs. 600

Rs. 800

Rs. 1000

Rs. 1200

answer is B.

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Detailed Solution

Concept- C.P. Stands for the cost price of a product.
S.P. stands for the selling price of a product.
If S.P. is greater than C.P., then the difference of S.P. and C.P. is known as “Profit”.
The margin of profit on C.P. is known as the “Gain Percentage”
Profit = S.P. – C.P. (in case, S.P. > C.P.)
Gain Percentage =

Let us assume the C.P. to be “x”. We will form a linear equation of a single variable using x in the above-mentioned formula, based on the data and conditions provided in the question and solving for x, we will obtain our desired answer.
Given, difference between the selling price and cost price of a certain article is Rs. 200, i.e.,
Profit = Rs. 200 [Since, Profit = S.P. – C.P. (in case, S.P. > C.P.) ]
Also given, the seller makes a profit percent of 25 by selling the article at a profit of Rs. 200.
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