A man sells an article for Rs. 1395 at a profit of 20%. Find the cost price.
- A. Rs. 1303
- B. Rs. 1314
- C. Rs. 1162 ✓
- D. Rs. 1412
Correct answer
C. Rs. 1162
Explanation
SP = CP x (1 + 20/100). CP = 1395 / 1.2 = 1162.
C. Rs. 1162
SP = CP x (1 + 20/100). CP = 1395 / 1.2 = 1162.