A man buys a scooter for Rs. 1400 and sells it at a loss of 15%. What is the…

Step-by-Step Solution

To find the selling price when a loss percentage is given, we can use the following relationship: Selling Price = Cost Price × (100% - Loss%).

1. Identify the given values:

   • Cost Price (CP) = Rs. 1400

   • Loss Percentage = 15%

2. Calculate the selling price:

   • Since there is a 15% loss, the selling price is (100% - 15%) = 85% of the cost price.

   • Selling Price (SP) = 85% of 1400

   • SP = (85 / 100) × 1400

   • SP = 85 × 14

   • SP = Rs. 1190