Goods costing Rs 640 are sold to earn a profit of 20% on the selling price. The selling price is:
Q1. Goods costing Rs 640 are sold to earn a profit of 20% on the selling price. The selling price is:
Answer: Rs 800
Explanation: Twenty percent profit on selling price means cost is eighty percent of the selling price. Selling price equals six hundred forty divided by zero point eight, which is Rs 800.