Multiple choice

A man bought 3 cows for Rs. $3000$. He sold one at a loss of $20$% and the other a profit of $33.33$%and the third one at its cost price. The selling price of the cow which was sold at a loss was?

  1. Rs. $750$
  2. Rs. $800$
  3. Rs. $1,048$
  4. Rs. $2,048$
Reveal answer Fill a bubble to check yourself
B Correct answer
AI explanation

Using the formula Selling Price = Cost Price * (1 - Loss%/100), the selling price of the cow sold at a loss is calculated from its cost price. Assuming an equal cost price for each cow, the cost of one cow is 3000 / 3 = Rs. 1000. Applying the 20% loss gives a selling price of 1000 * 0.80 = Rs. 800.