Multiple choice

A merchant loses 10% by selling an article. If the cost price of the article is 15, then the selling price of the article is

  1. 13.20

  2. 16.20

  3. 12.30

  4. 13.50

  5. 0
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A 10% loss on a cost price of 15 means the loss is 1.5. Selling price = Cost Price - Loss = 15 - 1.5 = 13.50.

AI explanation

Using the selling price formula for a loss, selling price equals cost price times (100 minus loss percentage) divided by 100. Substituting the values gives 15 times 90 divided by 100, which equals 13.50.

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