Question

A man buys a watch for Rupee1,200 and sells it at a loss of 15%. What is the selling price?

• A. Rupee 71,080
• B. Rupee 21,000
• C. Rupee 1,020
• D. Rupee 31,140

Hint:

Selling Price after loss = Cost Price × (1 - Loss\%/100).

Answer 1

The Correct Option is C

Step 1: Provided information
Cost Price (CP) = Rupee1,200
Loss Percentage = 15%
Step 2: Calculate the loss amount \[\text{Loss} = \frac{15}{100} \times 1200 = 180\]Step 3: Determine the selling price (SP) \[SP = CP - \text{Loss} = 1200 - 180 = 1020\]