To solve this problem, we need to understand that the profit is the difference between the selling price and the cost price.

Step 1: We know that the profit is Rs 160 and the profit percentage is 20%.

Step 2: The profit percentage is calculated as (Profit/Cost Price)*100. We can rearrange this formula to find the cost price: Cost Price = Profit / (Profit Percentage/100)

Step 3: Substituting the given values into the formula, we get: Cost Price = 160 / (20/100) = Rs 800

Step 4: The selling price is the cost price plus the profit. So, Selling Price = Cost Price + Profit = Rs 800 + Rs 160 = Rs 960

So, the selling price of the article is Rs 960.

Question

To solve this problem, we need to understand that the profit is the difference between the selling price and the cost price.

Step 1: We know that the profit is Rs 160 and the profit percentage is 20%.

Step 2: The profit percentage is calculated as (Profit/Cost Price)*100. We can rearrange this formula to find the cost price: Cost Price = Profit / (Profit Percentage/100)

Step 3: Substituting the given values into the formula, we get: Cost Price = 160 / (20/100) = Rs 800

Step 4: The selling price is the cost price plus the profit. So, Selling Price = Cost Price + Profit = Rs 800 + Rs 160 = Rs 960

So, the selling price of the article is Rs 960.

Knowee AI · Accepted Answer

To solve this problem, we need to understand that the profit is the difference between the selling price and the cost price.

Step 1: We know that the profit is Rs 160 and the profit percentage is 20%.

Step 2: The profit percentage is calculated as (Profit/Cost Price)*100. We can rearrange this formula to find the cost price: Cost Price = Profit / (Profit Percentage/100)

Step 3: Substituting the given values into the formula, we get: Cost Price = 160 / (20/100) = Rs 800

Step 4: The selling price is the cost price plus the profit. So, Selling Price = Cost Price + Profit = Rs 800 + Rs 160 = Rs 960

So, the selling price of the article is Rs 960.

Difference between the cost price and the selling price ofan article is Rs 160. If the profit percentage is 20%, find the selling priceof the article.RS 860Rs 740Rs 800Rs 960

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