Question

A man purchases an item for 120. If he sells it at a 20 percent profit find his selling price.

Answer 1

CP=120

20% of 120=20/100*120=24

therefore SP=24+120=144

Answer 2

Find the profit:

20% of 120 = 0.2 x 120 = RS 24

Find the selling price:

120 + 24 = Rs 144

Answer: The selling price is Rs 144