A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item

Rs. 660
Rs. 760
Rs. 860
Rs. 960

Correct Answer: Rs. 960

Explanation:

Here always remember, when ever x% loss,
it means S.P. = (100 - x)% of C.P
when ever x% profit,
it means S.P. = (100 + x)% of C.P

So here will be (100 - x)% of C.P.
= 80% of 1200
= (80/100) * 1200
= 960

More Questions from Profit and Loss

A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
When a women sells 20 articles for Rs. 160, there is 40% loss. How many articles should she sell for Rs. 240 in order to earn 20% profit ?
The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of two selling prices is
Cost of 3 cricket balls = cost of 2 pairs of leg pads. Cost of 3 pairs of leg pads = cost of 2 pairs of gloves. Cost of 3 pairs of gloves = cost of 2 cricket bats. If a cricket bat costs Rs 54, what is the cost of a cricket ball.
A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true?
If goods be purchased for Rs.450 and 1/3 is sold at a loss of 10%. At what gain % should the remainder is sold to has to gain 20% on the whole transaction?
What is the profit or loss % when a shopkeeper bought 4 mangoes for Rs. 6 and sold them @ 4 mangoes for Rs. 4?
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit
12 days payment to the servant in a cloth showroom in festival season is Rs. 400 plus one shirt. The servant leaves after 9 days and recieves Rs. 280 and a shirt. What is the price of the shirt ?
By selling an article at Rs.800, a shopkeeper makes a profit of 25%.At what price should he sell the article so as to make a loss of 25%?

Discussion & Comments

No comments yet. Be the first to comment!