The difference between the cost price and sale price of an article is Rs. 240 i

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The difference between the cost price and sale price of an article is Rs. 240 if the profit is 20%. The selling price is:

Answer: Option C
-    Let the C.P be Rs.x
Then, S.P = 120% of Rs. x = Rs.(120/100) x = Rs. 6x/5
      ∴6x/5 – x = 240
           x = 1200

       ∴S.P = Rs. (6/5 x 1200) = Rs.1440.

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