Question

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?

• A. ₹6,400
• B. ₹6,000
• C. ₹7,000
• D. ₹6,800

Answer 1

The correct option is A ₹6,400

Cost price = ₹8,000
Loss suffered = 20%

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

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