Quantitative Aptitude • Percentage, Profit & LossEasy
A shopkeeper buys a shirt for ₹1,700 and sells it at a profit of 20%. What is the selling price?
A. ₹340
B. ₹2,040✓ Correct Answer
C. ₹1,720
D. ₹1,360
💡 Solution & Explanation
Profit is calculated on the cost price. Profit = 20% of ₹1,700 = ₹340. Selling price = cost price + profit = ₹1,700 + ₹340 = ₹2,040. Shortcut: selling price = cost × (100 + profit%) ÷ 100 = ₹1,700 × 120 ÷ 100.
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