Q. A person sold an item for ₹1800 and earned a profit of 20%. What is the cost price?
✅ Correct Answer: (C)
₹1500
Explanation: SP = 120% of CP → 1800 = 1.2 × CP → CP = 1500.
Explanation by: Mr. Dubey
SP = 120% of CP → 1800 = 1.2 × CP → CP = 1500.