Question

A man bought a shirt for Rs 500 and sold it at a loss of 20 %. Find its SP?

• A. Rs 500
• B. Rs 400
• C. Rs 600
• D. Rs 700

Answer 1

The correct option is B

Rs 400

SP = CP- Loss

$\therefore$ SP = $\left(\frac{100-\text{Loss}\%}{100}\right)\times CP$

$=\left(\frac{100-20}{100}\right)\times 500$

$=\frac{80}{\text{/}100}\times \text{/}500$

= Rs. 400

$\therefore$ SP = Rs.400