To make a profit of 20% the selling price of the goods is

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

1. Rs. 200
2. Rs. 210
3. Rs. 220
4. Rs. 230

Correct Option: A

Here , Profit = 20% and Selling price of the goods = Rs. 240
As we know that ,

C.P. of article =		100			× S.P.
		100 + Profit%

C.P. of article = Rs.		100	× 240		= Rs. 200
		120