The difference between the cost price and the selling price of an article is ₹240. If the profit is 20%, then the selling price is:

₹1440

Selling price = Cost price + Profit

Let Cost Price = CP

Profit = 20%

SP = \(\frac{ 120}{100}\)CP

= \(\frac{ 6}{5}\)CP

\(\frac{ 6}{5}\)CP - CP = 240

\(\frac{ 6CP - 5CP}{5}\) = 240

CP = 1200

Selling price = 1200 + 240

= 1440

The correct answer is Option (3) → ₹1440