The selling price of a pen is ₹660. If the profit is 20%, then what is the nominal profit earned on the sale of the pen? |
₹110 ₹130 ₹140 ₹90 |
₹110 |
Selling price of the article = 660 Profit earned = 20% Then according to the question, 120% of the CP = SP 120% of the CP = 660 then ,100% of the CP = 550 Profit amount = 660 - 550 = 110 |