Exams › SSC CGL (Prelims) › Maths
A shopkeeper sells an article for ₹450 at a profit of 20%. What was the cost price?
- ₹360
- ₹375
- ₹400
- ₹420
Correct answer: ₹375
Solution
A profit of 20% means the selling price is 120% of the cost price. So, cost price = 450 ÷ 1.2 = 375.
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