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The difference between cost price and selling price of a table is Rs. 224. If loss percentage is 40 percent, then what is the selling price?
Question

The difference between cost price and selling price of a table is Rs. 224. If loss percentage is 40 percent, then what is the selling price?

A.

Rs. 336

B.

Rs. 352

C.

Rs. 306

D.

Rs. 406

Correct option is A

Given:
Difference between Cost Price (C.P.) and Selling Price (S.P.) = Rs. 224
Loss Percentage = 40%
Formula Used:
Loss = C.P. - S.P.
Loss% =LossC.P.×100\frac{\text{Loss}}{\text{C.P.}} \times 100​​
Solution:
Let the Cost Price (C.P.) be x.
40 = 224x×100\frac{224}{x} \times 100​​
x=224×10040x=560x = \frac{224 \times 100}{40}\\x = 560​​
Selling Price (S.P.) = C.P. - Loss =560 - 224 = 336
Thus, the selling price of the table is Rs. 336.


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