Q. A trader sells an item for ₹960 at a loss of 20%. What was the cost price?

  • (A) ₹1100
  • (B) ₹1150
  • (C) ₹1200
  • (D) ₹960
✅ 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.

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