Question

A motorbike was bought for $₹36500$ and sold at a loss of $8\%$. Find the selling price of the motorbike.

Answer 1

Cost price of the motorbike (C.P.) $=₹36,500$

Loss percentage (L%) $=8\%$

Selling price of the motorbike (S.P.) $=\left(\frac{100-Loss\%}{100}\right)\times C.P.$

Selling price of the motorbike (S.P.) $=\left(\frac{100-8}{100}\right)\times 36500$

Selling price of the motorbike (S.P.) $=\frac{92}{100}\times 36500=Rs.33,580$

Hence, the selling price of the motorbike is $Rs.33,580$