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  1. The selling price and cost price of an article differs by 480. What is the selling price in case the profit percentage is 20%?
    1. 2400
    2. 2880
    3. 2600
    4. 2000
Correct Option: B

SP - CP = 480
1.2x - x = 480
⇒0.2x = 480
⇒x = 2400

So selling price SP = 2400 + 480 = 2880


Comments

  1. ARUN G N

    June 21, 2018 Reply

    2400 is the cost price.
    But they are asking us to find Selling price which is 120 percentage of cost price
    Difference between SP and CP is profit = 20% =480
    10% = 240
    100% = 2400
    So, SP = 120% = 100% + 20%
    ∴ SP = 2400 + 480 = 2880 Rupees.

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