alleryStart learning →Goods are sold for Rs 1,20,000 at a 20% profit margin on sales. What was the cost?
ARs 1,00,000
BRs 96,000
CRs 1,44,000
DRs 24,000
Answer & Solution
Correct answer: B. Rs 96,000
Gross profit is 20% of 1,20,000 = 24,000, so cost = 96,000.
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