A. Rs 1090
B. Rs 1160
C. Rs 1190
D. Rs 1260
E. Rs 1290
Check Answer
The correct answer is “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.
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.
