Question:
An item is sold for Rs. 1200 at a 20 profit. Find the cost price.
An item is sold for Rs. 1200 at a 20 profit. Find the cost price.
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Use $\text{CP} = \frac{\text{SP}}{1 + \frac{\text{Profit}}{100}}$ for profit problems.
Updated On: Jul 31, 2025
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The Correct Option is C
Solution and Explanation
- Step 1: CP formula. SP = $1.2 \cdot \text{CP} = 1200$.
- Step 2: Solve. $\text{CP} = \frac{1200}{1.2} = 1000$.
- Step 3: Verify. $1000 \cdot 1.2 = 1200$.
- Step 4: Conclusion. Option (3) 1000 is correct.
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