A man buys a fan for ₹1000 and sells it at a loss of 15%. What is the selling price of the fan?

₹850

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₹800

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₹1150

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₹950

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Solution

The correct option is A ₹850

Cost price $= ₹ 1000$
Loss $= 15$
Loss percentage $= \frac{Loss}{C . P} \times 100$
So, Loss $=$ Loss percentage $\times \frac{C . P}{100} = 15 \times \frac{1000}{100} = ₹ 150$
Selling price $=$ Cost price $-$ Loss $= 1000 - 150 = ₹ 850$

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A man buys a fan for ₹1000 and sells it at a loss of 15%. What is the selling price of the fan?

The correct option is A ₹850 Cost price =₹1000 Loss =15 Loss percentage =LossC.P×100 So, Loss = Loss percentage ×C.P100=15×1000100=₹150 Selling price = Cost price − Loss =1000−150=₹850

The correct option is A ₹850

Cost price $= ₹ 1000$
Loss $= 15$
Loss percentage $= \frac{Loss}{C . P} \times 100$
So, Loss $=$ Loss percentage $\times \frac{C . P}{100} = 15 \times \frac{1000}{100} = ₹ 150$
Selling price $=$ Cost price $-$ Loss $= 1000 - 150 = ₹ 850$