Multiple choice

Sumeet bought an item at Rs.$100$ and sells it at the loss of $30$ percent. What is SP of that item?

  1. $70$
  2. $80$
  3. $30$
  4. $100$
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A Correct answer
Explanation

Cost price = 100. Loss = 30% of 100 = 30. Selling price = CP - Loss = 100 - 30 = 70.

AI explanation

Using the selling price formula, calculate 30% of the 100 rupee cost price to find a loss of 30 rupees. Subtracting this 30 rupee loss from the 100 rupee cost price gives a selling price of 70 rupees. The result is 70.

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