Question : If the cost price is Rs. 150 less than the selling price and the profit is 20%, then what is the selling price (in Rs.)?
Option 1: Rs. 750
Option 2: Rs. 800
Option 3: Rs. 850
Option 4: Rs. 900
Correct Answer: Rs. 900
Solution :
Let the selling price be
⇒ Cost Price =
Profit = 20%
Profit % =
⇒ 0.2 =
⇒ 0.2
⇒ 0.2
Hence, the correct answer is Rs. 900.