A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
examcare Answered question
Another method
To calculate the selling price, we need to find 15% of the cost price and subtract it from the cost price.
Step 1: Calculate the loss amount
Loss amount = 15% of Rs. 1400
= (15/100) * 1400
= 0.15 * 1400
= Rs. 210
Step 2: Calculate the selling price
Selling Price = Cost Price – Loss amount
= Rs. 1400 – Rs. 210
= Rs. 1190
examcare Answered question
Write your answer.