A boat shop sold a ship at the profit of 20%.
(a) If the profit was Rs. 40000, what was the cost of the ship?
(b) What was the selling price?

A: $200,000
B: $240,000
Edited To Add:
If cost u $160,000 to build the boat & u made 20% profit on that the boat would have sold for $192,000, for a profit of $32000. When calculating profit Captain John, it is called return on investment! Invest 200,000 at a 20% return on investment, sell for $240,000. $40,000 PROFIT! It is really simple math Captain John, as others on here have pointed out. Perhaps u need to do ur homework! You're calculating profit based on selling price. Profit is calculated based on investment. Buy a house for $100,000 sell for $120,000 = $20,000 (20%) profit.

Do your own maths homework.

ask a fool

$200,000
$240,000
this ? should have been in math

This was like grade 4 math, back in the early 1950's. l have been out of school for nearly 50 years and l just have to look at it for a second to get the .

l am surprised anyone has to ask this.

If the profit 40,000 was 20% (or 1/5 the sales price)
The selling price was therefore: 200,000
- as the profit was 20% or ( .20 x 200,000 = 40,000 )
= thus the cost of the ship was 160,000 (sales price - profit)

Kingsandman is clearly wrong as 20% of his sales price would be 48,000

But CMPunk is right. you should do your own homework.

Happy & Safe Boating!

Capt John is correct - l used to be in retail sales - profit is figured from the total selling price.

If you sell an item for $100 and made a profit of 20% it cost you $80.