1 View

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
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