A boy buys a bag for Rs.1400 and sells it to his friend at a loss of 15%.…
2023
A boy buys a bag for Rs.1400 and sells it to his friend at a loss of 15%. Calculate the selling price of the bag.
- A.
1234
- B.
1190
- C.
1456
- D.
2346
Attempted by 39 students.
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Correct answer: B
Method: use the formula for selling price after a loss: Selling Price = Cost Price × (1 − Loss Rate).
Cost Price = Rs. 1400.
Loss rate = 15% = 0.15.
Selling Price = 1400 × (1 − 0.15) = 1400 × 0.85 = Rs. 1190.
Answer: The selling price of the bag is Rs. 1190.