Danish buys a bag for ₹ 1700 and sells it at a loss of 14%.He sold the bag for ₹
Question
Danish buys a bag for ₹ 1700 and sells it at a loss of 14%.He sold the bag for ₹
Solution
To calculate the selling price of the bag, we first need to calculate the loss amount.
Step 1: Calculate the loss amount Loss percentage = 14% Cost price of the bag = ₹ 1700 So, Loss = (Loss percentage/100) * Cost price = (14/100) * 1700 = ₹ 238
Step 2: Calculate the selling price Selling price = Cost price - Loss = ₹ 1700 - ₹ 238 = ₹ 1462
So, Danish sold the bag for ₹ 1462.
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