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A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

Difficulty: Easy

Correct Answer: Rs. 1,190

Explanation:

Given Data

  • Cost price of cycle = Rs. 1,400
  • Sold at a loss of 15%
  • Required: selling price (SP)

Step 1: Apply loss on CP
SP = CP × (1 − 15%) = 1,400 × 0.85 = Rs. 1,190


Checks & Common Pitfalls

  • Loss percent reduces the selling price from CP, not from SP.
  • Keep percentage arithmetic exact to avoid penny errors.

Final Answer
Selling price = Rs. 1,190.

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