A loss of 20% is suffered by selling a monitor, the cost of which was ₹8,000 initially. What was the selling price of the monitor?

₹6,400

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₹6,000

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₹7,000

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₹6,800

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Solution

The correct option is A ₹6,400
Cost price = ₹8,000
Loss suffered = 20%

$\Rightarrow$ Loss = 20% of ₹8,000
$\Rightarrow Loss = \frac{20}{100} \times 8, 000$
$\Rightarrow Loss = ₹ 1, 600$

$∵$ Selling price = Cost price - Loss
$\Rightarrow$ Selling price = ₹8,000 - ₹1,600
$\Rightarrow$ Selling price = ₹6,400

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A loss of 20% is suffered by selling a monitor, the cost of which was ₹8,000 initially. What was the selling price of the monitor?

The correct option is A ₹6,400Cost price = ₹8,000 Loss suffered = 20% ⇒ Loss = 20% of ₹8,000 ⇒Loss=20100×8,000 ⇒Loss=₹1,600 ∵ Selling price = Cost price - Loss ⇒ Selling price = ₹8,000 - ₹1,600 ⇒ Selling price = ₹6,400