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