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The difference between the cost price and the selling price of an article is Rs. 240. If the profit is 20%, then the selling price is:

Solution

Correct Option: 3

Profit = SP - CP = 240, and Profit = 20% of CP.

So 0.2×CP=240CP=12000.2 \times CP = 240 \Rightarrow CP = 1200.

SP =1200+240=1440= 1200 + 240 = 1440.

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