Q. The selling price is ₹480 and profit percentage is 20%. What is the cost price?
✅ Correct Answer: (C)
₹400
Explanation: SP = 120% of CP → 480 = 1.2CP → CP = 400.
Explanation by: Mr. Dubey
SP = 120% of CP → 480 = 1.2CP → CP = 400.