A shopkeeper sells an article at 20% pro

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper sells an article at 20% profit. Find Cost price of the article if selling price is ₹ 480.

Options:

₹ 400

₹ 600

₹ 480

₹ 360

Correct Answer:

₹ 400

Explanation:

CP = 480 × \(\frac{100}{120}\)

= 480 × \(\frac{5}{6}\) = 400