16. The difference between the cost
price and sales price of an article is
Rs. 240. If the profit percent is 20,
at what price was the article sold.
(A) Rs. 1240 (B) Rs. 1440
(C) Rs. 1600 (D) Rs. 1400
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Answer:
profit% = 20%
difference between sp and cp = 240
Now
Gain% = sp - cp /cp × 100
20 = 240 / cp × 100
cp = 1200
Therefore,
sp = 1200 + 240
= ₹1440
options (B) Rs. 1440 is right answer.
Step-by-step explanation:
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