A. Rs 1090

B. Rs 1160

C. Rs 1190

D. Rs 1260

E. Rs 1290

### Check Answer

The correct answer is

We know that cost price is the price at which we bought any item, while selling price is the price at which we sold any item.

Now, let’s calculate loss which is 15% of the actual price or buying price of 1400

⇒ \frac{15}{100}\ of\ 1400\ =\ \frac{15}{100}\times1400

Loss Amount ⇒ 0.15 × 1400 = RS. 210

According to the loss formula now we can find the selling price

Loss = cost price – selling price

so selling price would be

⇒ Selling price = cost price – loss

By putting values, we get

Selling price = RS. 1400 – RS. 210

⇒ Selling price = RS. 1190

Note: You can also use this formula

\text { Selling price = Original Price }\left(1 \pm \frac{r}{100}\right)

Where “r” is the profit/loss percentage, and + sign is used when profit% is given while the -sign is used when loss% is given.

**“Rs 1190”****Step by Step Solution:****Given:**A man buying a cycle for Rs 1400 and selling it for a loss of 15%.**Find:**Selling price?We know that cost price is the price at which we bought any item, while selling price is the price at which we sold any item.

Now, let’s calculate loss which is 15% of the actual price or buying price of 1400

⇒ \frac{15}{100}\ of\ 1400\ =\ \frac{15}{100}\times1400

Loss Amount ⇒ 0.15 × 1400 = RS. 210

According to the loss formula now we can find the selling price

Loss = cost price – selling price

so selling price would be

⇒ Selling price = cost price – loss

By putting values, we get

Selling price = RS. 1400 – RS. 210

⇒ Selling price = RS. 1190

**Hence, the selling price of the cycle is RS. 1190**.Note: You can also use this formula

\text { Selling price = Original Price }\left(1 \pm \frac{r}{100}\right)

Where “r” is the profit/loss percentage, and + sign is used when profit% is given while the -sign is used when loss% is given.

### Related:

- The percentage profit earned by selling an article for Rs.…
- A shopkeeper sells one transistor for Rs. 840 at a gain of…
- On selling 17 balls at Rs. 720, there is a loss equal to the…
- Some articles were bought at 6 articles for Rs. 5 and sold…
- When a plot is sold for Rs. 18700, the owner loses 15%. At…
- A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of…
- The cost price of 20 articles is the same as the selling…
- 100 oranges are bought at the rate of Rs. 350 and sold at…
- A vendor bought toffees at 6 for a rupee. How many for a…
- Sam purchased 20 dozen toys at the rate of Rs. 375 per…
- A shopkeeper expects a gain of 22.5% on his cost price. If…
- Robert buys an old scooter for Rs. 4700 and spends Rs. 800…
- In a certain store, the profit is 320% of the cost. If the…
- If the selling price is doubled, the profit triples. Find…