The difference between the selling price and the cost price of an item is ₹360. If the profit percentage is 20%, what is the cost price (in ₹)?
Show answer & explanation
Correct answer: D
Explanation
Profit = ₹360
Profit % = 20%
20 = (360 / CP) × 100
CP = (360 × 100) / 20 = ₹1800