Q. An article is sold for ₹1260 at a profit of 40%. What is the profit amount?
✅ Correct Answer: (B)
₹360
Explanation: SP = 1260 = 140% of CP. CP = 1260 / 1.4 = ₹900. Profit = 1260 – 900 = ₹360.
Explanation by: Yami Thakur
SP = 1260 = 140% of CP. CP = 1260 / 1.4 = ₹900. Profit = 1260 – 900 = ₹360.