The difference between the cost price and sale price of an article is Rs. 500 if the profit is 20%. The selling price is:

The difference between the cost price and sale price of an article is Rs. 500 if the profit is 20%. The selling price is:

A Rs 4000

B Rs 1500

C Rs 3000

D Rs 3300

Solution

Correct Answer: Option C

120%-100%=20%
20%…………………500
120%…………….?
?=3000