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Profit &Loss
Q. A shopkeeper sells an item at a profit of 20%. If the cost price of the item is 1000, what is the selling price?
A) 900
B) 1200
The cost price of the item is 1000. The shopkeeper sells it at a profit of 20%. Therefore, the selling price of the item is 1200 [Selling price = Cost price + Profit = 1000 + (20% of 1000) = 1000 + 200 = 1200]
C) 1250
D) 1400
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