The difference between the cost price and the selling price of a bat is Rs. 180. If there is a profit of 20%, then what is the selling price of the bat?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer is option 1 i.e. Rs. 1080
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Understanding |
Application |
Calculation |
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Given: SP – CP = Rs. 180 Profit = 20% |
We know that: Profit = SP – CP So, Profit = Rs. 180 |
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Profit = CP × [Profit %/100] |
So, ⇒ CP = Rs. 900 Hence, SP = 900 + 180 = Rs. 1080 |
⇒ 180 = CP × 20/100 ⇒ CP = 180/0.2 ⇒ CP = 900 |