Question

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 ?

• A. Rs.$660$
• B. Rs.$760$
• C. Rs.$860$
• D. Rs.$960$

Answer 1

The correct option is D Rs.$960$

Whenever loss percentage of $x$ is given, selling price is given by $S.P.=(100-x)\%$ of $C.P.$
Given $x=20\%$ and $C.P.=1200$
$S.P.=80\%$ of $1200$
$=\frac{80}{100}\times 1200$
$=960$

Therefore, the selling price is Rs. $960$.