If cost price is Rs., 150 less than selling price and profit is 20 %, then selling price (in Rs. )?

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7.Profit and Loss

medium

If cost price is $Rs.\, 150$ less than the selling price and profit is $20 \%,$ then what is the selling price (in $Rs.$)?

A

$750$

B

$800$

C

$850$

D

$900$

Solution

Profit$\%$ $=20 \%$

$20=\frac{ SP – CP }{ CP } \times 100$

$20=\frac{150}{ CP } \times 100$

$CP =150 \times \frac{100}{20} \Rightarrow ₹ 750$

: $S.P =₹ 750+150=Rs. 900$

Standard 13

Quantitative Aptitude

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