Multiple choice

A man buys an item at Rs. $1200$ and sells it at the loss of $20$ percent. Then what is the selling price of that item ?

  1. Rs.$660$
  2. Rs.$760$
  3. Rs.$860$
  4. Rs.$960$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Loss = 20% of 1200 = 0.20 * 1200 = 240. Selling Price = Cost Price - Loss = 1200 - 240 = 960.

AI explanation

Using the formula for selling price at a loss, calculate 20% of the 1200 rupee cost price to get a loss amount of 240 rupees. Subtract this 240 rupee loss from the 1200 rupee cost price, leaving a selling price of 960 rupees. The result is Rs. 960.

Keep practicing — related questions