A shopkeeper sold an article at $1170 and gained a 20% profit. What was the cost price?	Choose the correct choice from the following answers
A) $950
B) $975
C) $1000
D) $1025
E) $1050
Let x be the cost price.   1.2x = 1170   x = 1170/1.2= 
<gadget id="calculator">1170/1.2</gadget>
<output>975</output>
975   The answer is $975.
<result>B</result>
A shopkeeper sold an article at $1170 and gained a 20% profit. What was the cost price?