If an object is bought for Rs 90 and then sold at a loss of 15%, how much was it sold for
Question
If an object is bought for Rs 90 and then sold at a loss of 15%, how much was it sold for
Solution
To calculate the selling price of the object, we first need to calculate the loss amount.
Step 1: Calculate the loss amount Loss percentage is given as 15%. So, the loss on the object is 15% of the cost price (Rs 90).
Loss = Loss% of Cost Price = 15/100 * 90 = Rs 13.5
Step 2: Calculate the selling price The selling price is the cost price minus the loss.
Selling Price = Cost Price - Loss = Rs 90 - Rs 13.5 = Rs 76.5
So, the object was sold for Rs 76.5.
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