Question

A girl buys a cycle for Rs. 7500 and sells it at a loss of 25 percent. What is the selling price of the cycle?
1. 5755
2. 5625
3. 6300
4. 4895

Answer 1

Correct Answer - Option 2 : 5625

Given:

Cost price of cycle = Rs 7500

Loss percent = 25%

Concept used:

Selling price = cost price (100% - L%)

Where L = loss percent

Calculation:

Selling price = 7500 × (100 - 25)%

Selling price = 7500 × 75% = 7500 × (75/100) = Rs 5625

∴ Selling price of the cycle is Rs 5625.