If the selling price of an item is Rs. 1200 and the loss is 20%, what was the cost price?

A Rs. 1440

B Rs. 1500

C Rs. 1600

D Rs. 1400

✓ Correct Answer: Option B

SP = CP × (1-20/100). 1200 = CP × 0.8. CP = 1500.

💡 Why is B) the correct answer?

The correct answer to the question "If the selling price of an item is Rs. 1200 and the loss is 20%, what was the cost price?" is Option B: Rs. 1500.

The other options — A) Rs. 1440, C) Rs. 1600, D) Rs. 1400 — are incorrect for this Mathematics question. As explained above: SP = CP × (1-20/100). 1200 = CP × 0.8. CP = 1500.

📚 About This Mathematics Practice Question

This 2-level Mathematics question from the Arithmetic & Number Systems topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free Mathematics practice test or use flashcards for spaced repetition review.

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If the selling price of an item is Rs. 1200 and the loss is 20%, what was the cost price?

✓ Correct Answer: Option B

📚 About This Mathematics Practice Question

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