Question

Mr. Z buys an article for Rs. 70/- and sells it at a loss of 20%. Then the selling price will be

• A. Rs. 60
• B. Rs. 58
• C. Rs. 56
• D. Rs. 55

Answer 1

The correct option is C Rs. 56

Cost price of the article$=Rs.70/-$.

Loss$=20\%$

$\therefore Loss=70\times \frac{20}{100}=Rs.14$

$\therefore$ Selling Price $=Rs.70-14$

$=Rs.56$