Quantitative Aptitude • Percentage, Profit & LossEasy
A store owner buys a table lamp for ₹1,960 and sells it at a profit of 20%. What is the selling price?
A. ₹2,352✓ Correct Answer
B. ₹392
C. ₹1,980
D. ₹1,568
💡 Solution & Explanation
Profit is calculated on the cost price. Profit = 20% of ₹1,960 = ₹392. Selling price = cost price + profit = ₹1,960 + ₹392 = ₹2,352. Shortcut: selling price = cost × (100 + profit%) ÷ 100 = ₹1,960 × 120 ÷ 100.
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