By selling an article for ₹1,200, a sh

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for ₹1,200, a shopkeeper suffered a loss of 20%. What was the cost price of that article ?

Options:

₹1,500

₹1,020

₹1,000

₹1,180

Correct Answer:

₹1,500

Explanation:

Selling price of the article = 1200

Loss = 20%

Cost price of the article =

80% of the cost price = 1200

then, 100% of the cost price = 1500