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Ravi buys a T.V for 1600 and sells it at a loss of 20%. What is selling price of the T.V?
1. 1620
2. 320
3. 1260
4. 1280

1 Answer

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Best answer
Correct Answer - Option 4 : 1280

Given,

Cost Price = ₹1600

Loss = 20%

Formula Used -

S.P = C.P × (100 - L%)/100

Where,

S.P → Selling price 

C.P → Cost price 

L% → Loss%

Calculation -

S.P = (1600 × (100 - 20)) ÷ 100

⇒ S.P = (1600 × 80) ÷ 100

⇒  S.P = 1280

∴ Selling Price (S.P) is  1280

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