Question

A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
1. Rs. 1275
2. Rs. 1202
3. Rs. 1160
4. Rs. 1050
5. Rs. 1190

Answer 1

Correct Answer - Option 5 : Rs. 1190

Given:

C.P = Rs. 1400

And loss % = 15%

Formula used:

If a cycle is sold at a loss of x%, and the Cost Price is C.P; then the Selling Price becomes:

SP = [(100 - X)/100] × C.P

Calculation:

S.P = [(100 - 15)/100] × 1400 = (85/100) × 1400 = Rs. 1190

∴ The selling price of cycle is Rs. 1190