Q. A trader sells an article at a profit of 40%. If the selling price is reduced by ₹120, the profit becomes 20%. Find the cost price.
✅ Correct Answer: (B)
₹600
Explanation: Difference between 40% and 20% profit = 20% of CP. 20% of CP = ₹120, so CP = ₹600.
Explanation by: Krishna Sharma
Difference between 40% and 20% profit = 20% of CP. 20% of CP = ₹120, so CP = ₹600.