Multiple choice

The cost of a flower vase is Rs 120. If the shopkeeper sells it at a loss of 10%, find the price at which it is sold.

  1. Rs 108

  2. Rs 132

  3. Rs 110

  4. None of these
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A Correct answer
Explanation

A loss of 10% on a cost price of Rs 120 means the selling price is 90% of the cost price. Calculating 0.90 * 120 results in Rs 108.

AI explanation

Using the formula for selling price at a loss, Selling Price = Cost Price * (100 - Loss Percentage) / 100. Substituting the given values results in 120 * (100 - 10) / 100. This simplifies to 120 * 0.90, giving a selling price of Rs. 108.

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