By selling an article for Rs 384, a trader gains 20 % . cost price of article.

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7.Profit and Loss

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By selling an article for $Rs$ $384,$ a trader gains $20 \%$. Find the cost price of article.

A

$160$

B

$240$

C

$320$

D

$480$

Solution

If the $C.P.$ is $Rs. 100,$ the $S.P.$ will be $Rs.120$

$\therefore$ For $S.P.$ $=Rs. 384,$ $C.P.$

will be $\frac{100}{120} \times 384=5 \times 64=₹ 320$

Standard 13

Quantitative Aptitude

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