Profit and Loss Mcqs Find the selling price of an item bought for Rs. 65 to gain 20%. A. Rs. 78 ✓B. Rs. 97C. Rs. 73D. Rs. 60 Correct answerA. Rs. 78 ExplanationSP = CP x (1 + 20/100) = 65 x 1.2 = Rs. 78.