The difference between cost price and selling price is Rs. 132. If profit percentage is 20 percent, then what is the selling price?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs. 792.
Let the CP be x
Since there is a profit of 20%,
The selling price (SP) = x + 0.2x = 1.2x
The difference between the selling price and the cost price is Rs. 132
⇒ 1.2x - x = 132
⇒ 0.2x = 132
⇒ x = 132/0.2
⇒ x = 660
SP = 1.2 × 660 = 792
Therefore, the selling price is Rs. 792