Question:
A shopkeeper sells an item for \(\textrm{Rs }960\) and gains 20%. The cost price of the item is
A shopkeeper sells an item for \(\textrm{Rs }960\) and gains 20%. The cost price of the item is
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Selling price is 120% of cost; divide by 1.2 to recover the cost price.
Updated On: Jul 8, 2026
- Rs 768
- Rs 820
- Rs 850
- Rs 800
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The Correct Option is D
Solution and Explanation
Step 1: Relate selling price to cost.
A 20% gain means \(SP=CP\times1.20\).
Step 2: Solve for cost price.
\(CP=\dfrac{960}{1.20}=800\).
\[\boxed{\textrm{Rs }800}\]
A 20% gain means \(SP=CP\times1.20\).
Step 2: Solve for cost price.
\(CP=\dfrac{960}{1.20}=800\).
\[\boxed{\textrm{Rs }800}\]
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