A man sells an article at a gain of 20%. If he had bought it at 20% less and sold it for Rs.240 less, he would have still gained 20%. What is the cost price of the article?

A man sells an article at a gain of 20%. If he had bought it at 20% le

1.	A man sells an article at a gain of 20%. If he had bought it at 20% less and sold it for Rs.240 less, he would have still gained 20%. What is the cost price of the article?
A.	Rs.860
B.	Rs.980
C.	Rs.1000
D.	Rs.1200
E.	None of these
Answer» D. Rs.1200

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A man sells an article at a gain of 20%. If he had bought it at 20% less and sold it for Rs.240 less, he would have still gained 20%. What is the cost price of the article?

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