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Find the selling price, when cost price is 70 and loss is 10%.
Question

Find the selling price, when cost price is 70 and loss is 10%.

A.

Rs. 62

B.

Rs. 60

C.

Rs. 63

D.

Rs. 36

Correct option is C

Given:
Cost Price (CP) = 70
Loss = 10%
Formula Used:
Selling Price (SP) = Cost Price (CP) - Loss
Where Loss = (Loss% × CP) / 100
Solution:
Loss = (10% × 70) / 100 = 7
Selling Price (SP) = 70 - 7 = 63

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