A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?(A) Rs. 1090 (B) Rs. 1160 (C) Rs. 1190 (D) Rs. 1202a. b. c. d.
Question
A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?(A) Rs. 1090 (B) Rs. 1160 (C) Rs. 1190 (D) Rs. 1202a. b. c. d.
Solution
Step 1: Understand the problem. The man bought a cycle for Rs. 1400 and sold it at a loss of 15%. We need to find the selling price of the cycle.
Step 2: Calculate the loss. The loss is 15% of the cost price (Rs. 1400). So, Loss = 15/100 * 1400 = Rs. 210.
Step 3: Subtract the loss from the cost price to get the selling price. Selling Price = Cost Price - Loss = Rs. 1400 - Rs. 210 = Rs. 1190.
So, the selling price of the cycle is Rs. 1190. Therefore, the answer is (C) Rs. 1190.
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