Q. The selling price of an article is ₹720 and the profit is 20%. What is the cost price?

  • (A) ₹550
  • (B) ₹580
  • (C) ₹600
  • (D) ₹620
✅ Correct Answer: (C) ₹600
Explanation: SP = 120% of CP → CP = 720 × 100 / 120 = 600.
Explanation by: Ankit Singh
SP = 120% of CP → CP = 720 × 100 / 120 = 600.

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