A) Rs. 1,200
B) Rs. 1,240
C) Rs. 1,100
D) Rs. 1,140
E) None of these
Correct Answer: A
Solution :
Quicker Approach Cost price of the article\[=\frac{100}{100+\Pr ofit%}\times S.P.\] \[=Rs.\left( \frac{100}{118}\times 1416 \right)=Rs.1200\]
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