Marked price of an article is 20 percent more than its cost price. It is sold at a profit of 10 percent. Marked price of article is Rs. 1200. What is the selling price of the article?
Show answer & explanation
Correct answer: B
Explanation
Marked Price = 120% × CP
CP = 1200 × 100/120 = 1000
Selling Price = 110% × CP = 1000 × 110/100 = 1100