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An article was bought for Rs. 250 and sold at a loss of 5%. Find the selling price of the article.
1. None of the above 
2. Rs. 237.50
3. Rs. 239.50
4. Rs. 238.50

1 Answer

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Best answer
Correct Answer - Option 2 : Rs. 237.50

Given: 

The cost price of the article is 250 rupees and sold at a loss of 5%.

Formula used: 

S.P = [(100 - loss%)/100] × C.P

Calculation: 

The selling price of the article is 

⇒ [(100 - 5)/100] × 250

⇒ (95/100) × 250

⇒ (95 × 5)/2

⇒ 237.50 rupees 

∴ The required selling price of the article is 237.50 rupees.

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