Question

An old rickshaw was purchased for $₹2500$ and sold at a loss of $15\%$. Find the selling price.

Answer 1

Finding the selling price

Given that

CP of rickshaw= $₹2500$

Loss%=$15\%$

SP of rickshaw=?

we know that

$$\begin{gathered} SP=\frac{(100-Loss\%)}{100}XCP \\ SP=\frac{(100-15)}{100}X2500 \\ SP=₹2,125 \end{gathered}$$

Hence Selling price of rickshaw is $₹2,125.$