Question

A shopkeeper sells an item at a 20\% profit. If the cost price of the item is ₹800, what is the selling price?

• A. ₹900
• B. ₹960
• C. ₹1000
• D. ₹1200

Hint:

To calculate selling price with profit, use the formula: \[ \text{Selling Price} = \text{Cost Price} \times (1 + \frac{\text{Profit Percentage}}{100}) \]

Answer 1

The Correct Option is B

The selling price is calculated as: \[ \text{Selling Price} = \text{Cost Price} \times (1 + \text{Profit Percentage}) \] \[ \text{Selling Price} = 800 \times (1 + 0.20) = 800 \times 1.20 = ₹960. \] Thus, the correct answer is option B.