Amit sold his bike at the loss of 20%. The cost price of his bike was ₹ 40000. Find the selling price of the bike sold by Amit.

₹ 28000

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₹ 24000

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₹ 38000

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₹ 32000

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Solution

The correct option is D ₹ 32000
Given
Cost price of bike = ₹ 40000
loss percent = 20%

Now,
Loss = 20% of 40000
= $\frac{20}{100}$ $\times 40000$
= ₹ 8000

Therefore,

Selling Price = C.P - Loss

Selling Price = 40000 - 8000

Selling Price = ₹ 32000

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Amit sold his bike at the loss of 20%. The cost price of his bike was ₹ 40000. Find the selling price of the bike sold by Amit.

The correct option is D ₹ 32000Given Cost price of bike = ₹ 40000 loss percent = 20% Now, Loss = 20% of 40000 = 20100 ×40000 = ₹ 8000 Therefore, Selling Price = C.P - Loss Selling Price = 40000 - 8000 Selling Price = ₹ 32000

The correct option is D ₹ 32000
Given
Cost price of bike = ₹ 40000
loss percent = 20%

Now,
Loss = 20% of 40000
= $\frac{20}{100}$ $\times 40000$
= ₹ 8000

Therefore,

Selling Price = C.P - Loss

Selling Price = 40000 - 8000

Selling Price = ₹ 32000