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A shopkeeper sells an item for ₹120 after a 20% profit. The cost price is:
A₹140
B₹110
C₹125
D₹100
Answer & Solution
Correct answer: D. ₹100
1. Let CP = x. SP = 1.2x = 120.
2. x = 120/1.2 = 100.
3. Hence CP = ₹100.
_Source: UGC NET Paper 1 Study Book (ugc-net.com class notes) — Profit and Loss_