Question : A man buys a toy for INR 400 and sells it at a loss of 15%. What is the selling price of the toy?
Option 1: INR 350
Option 2: INR 340
Option 3: INR 370
Option 4: INR 360
Answer (1)
19th Jan, 2024
Correct Answer: INR 340
Solution :
Given that the cost price (CP) is INR 400 and the loss percentage is 15%.
Selling price = cost price × (1 − loss percentage )
⇒ Selling price = 400 × (1 − 0.15) = 0.85 × 400 = 340
Hence, the correct answer is INR 340.
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