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To make a profit of 20% the selling price of the good is Rs. 240. The cost price of the good is,

A200

B220

C216

D224

Answer:

A. 200

Read Explanation:

Let cost price of the good be x ⇒ selling price = cost price + (profit%/100 × cost price) ⇒ 240 = x + (20x/100) ⇒ 120x/100 = 240 ⇒ x = 200


Related Questions:

By selling an article at Rs. 800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?
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