The difference between the cost price and selling price of a pair of shoes is Rs. 1,200. If the profit is 15%, the selling price is:
Answer & explanation
Correct answer: option 2
Profit = 15% = \(\frac{3}{20}\)
\(\frac{SP}{CP}\) = \(\frac{23}{20}\)
Difference = 23 - 20 = 3
3x = 1200
SP = Rs.9,200