A man sold an article for ₹216, there by gaining 20%. The cost of the article (in ₹) was:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 180.
Selling price = ₹216
Gain = 20%
Cost price = Selling price ÷ (1 + Gain%)
= 216 ÷ 1.2 = ₹180