Question

Hameed buys a colour T.V set for $15,200$ and sells it at a loss of $20$%. What is the selling price of the T.V set?

Answer 1

Raghul used this method:
Loss is $20$% of the C.P.
$=\frac{20}{100}\times 15200$
$=$ $3040$
S.P. $=$ C.P. $-$ Loss
$=15,200-3,040$
$=$ $12,160$
OR
Roshan used the formula method:
C.P. $=$ $15,200$
Loss $=20$%
S.P. $=\frac{100-Loss}{100}\times$C.P.
$=\frac{100-20}{100}\times 15200$
$=\frac{80}{100}\times 15200$
$=$ $12,160$
Both Raghul and Roshan came out with the same answer that the selling price of the T.V. set is $12,160$.