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Question

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


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Solution

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

Loss percentage (L%) =8%

Selling price of the motorbike (S.P.) =100-Loss%100×C.P.

Selling price of the motorbike (S.P.) =100-8100×36500

Selling price of the motorbike (S.P.) =92100×36500=Rs.33,580

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


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