Q. The selling price and cost price of an article differs by 480. What is the selling price in case the profit percentage is 20%?
✅ Correct Answer: (B)
2880
Explanation: SP - CP = 480
1.2x - x = 480
⇒0.2x = 480
⇒x = 2400
So selling price SP = 2400 + 480 = 2880
1.2x - x = 480
⇒0.2x = 480
⇒x = 2400
So selling price SP = 2400 + 480 = 2880
Explanation by: Santosh Mishra
SP - CP = 480
1.2x - x = 480
⇒0.2x = 480
⇒x = 2400
So selling price SP = 2400 + 480 = 2880
1.2x - x = 480
⇒0.2x = 480
⇒x = 2400
So selling price SP = 2400 + 480 = 2880