A man buys a cycle for ₹1600 and sells it at a loss of 20%. What is the selling price of the cycle?
Given:
Cost Price of the cycle = ₹1600
Loss Percentage = 20%
Formula Used:
Selling Price = Cost Price
Solution:
Selling Price =
=
=
= 16 80
= 1280
So, the selling price of the cycle is ₹1280.
Thus, the correct answer is (b).
Alternative Method;
CP : SP
5x : 4x
5x = 1600
x =
x = 320
SP = 4x = 40 320 = 1280
English
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