Q. A trader sells an item for ₹960 at a loss of 20%. What was the cost price?
✅ Correct Answer: (C)
₹1200
Explanation: If loss = 20%, SP = 80% of CP. So CP = (960 / 80) × 100 = ₹1200.
Explanation by: Yami Thakur
If loss = 20%, SP = 80% of CP. So CP = (960 / 80) × 100 = ₹1200.