Question

The difference between the cost price and sale price of an article is R's. 240 If the profit℅is 20. at what price was the article sold?

Answer 1

given sp-cp=240
since,
profit=(sp-cp)/cp×100
20/100=240/cp
cp=1200
sp=1440
hope you got it

Answer 2

difference between s.p and C.p = ₹240


difference = profit = 20%


20% = 240


1% = 240 ÷ 20 = ₹12


100% = 100 × 12 = ₹1200


cost price of article = ₹1200


selling price = cost price + profit


= ₹1200 + 240 = ₹1440



Answer: article was sold for ₹1440.