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A person buys a ceiling fan for 2,200 and sells it at a loss of 35%. What is the selling price of the ceiling fan?
Question

A person buys a ceiling fan for 2,200 and sells it at a loss of 35%. What is the selling price of the ceiling fan?

A.

1410

B.

1430

C.

1420

D.

1440

Correct option is B

Given:
Cost Price (CP) = Rs. 2,200
Loss Percentage = 35%
Formula Used:
Selling Price (SP)=CP×(1Loss %100)\text{Selling Price (SP)} = CP \times \left(1 - \frac{\text{Loss \%}}{100}\right)​​
Solution:
SP = 2,200 × (1 - 35100\frac{35}{ 100}​)
SP = 2,200 × (1 - 0.35)
SP = 2,200 × 0.65
SP = Rs. 1,430

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