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


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 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.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books