An article costs Rs 1060 and is sold at 20% profit. What is its selling price?

Question: An article costs Rs 1060 and is sold at 20% profit. What is its selling price?

1. Rs 1273
2. Rs 1271
3. Rs 1274
4. Rs 1272

Correct Answer: D — Rs 1272

Explanation: Selling price at a profit equals cost price × (1 + profit rate).
Using the values in this question gives Rs 1272 as the correct answer.