CSAT: Article Cost Price Calculation Quiz

Question

A shopkeeper sells an article for ₹1,200 at a profit of 20%. What was the cost price of the article?

Accepted Answer

Solution: We know: Selling Price (SP) = Cost Price (CP) + Profit Profit = 20% of CP → Profit = (20 / 100) × CP = 0.2 × CP So, SP = CP + 0.2 × CP = 1.2 × CP Given SP = 1200, we have: 1.2 × CP = 1200 CP = 1200 / 1.2 = 1000 Answer: B. ₹1,000

Answer

₹950

Answer

₹1,050

Answer

₹1,000

Answer

₹1,100

Options

Explanation

Given

Solution

✅ Answer

Question

Options

Explanation

Given

Solution

✅ Answer