Podcast
Questions and Answers
An item is sold at a loss of 15%. If its cost price is ₹800, what is the selling price?
An item is sold at a loss of 15%. If its cost price is ₹800, what is the selling price?
- ₹780
- ₹680 (correct)
- ₹760
- ₹860
If a loss is made on a ₹800 item with the selling price being ₹680, what percentage of the cost price is this loss?
If a loss is made on a ₹800 item with the selling price being ₹680, what percentage of the cost price is this loss?
- 12%
- 10%
- 15% (correct)
- 8%
What is the loss amount when an item with a cost price of ₹800 is sold at a 15% loss?
What is the loss amount when an item with a cost price of ₹800 is sold at a 15% loss?
- ₹140
- ₹80
- ₹100
- ₹120 (correct)
What would the selling price be if the item costing ₹800 was sold at a 10% loss?
What would the selling price be if the item costing ₹800 was sold at a 10% loss?
If you purchase an item for ₹800 and sell it for ₹680, the difference between the cost price and selling price represents what?
If you purchase an item for ₹800 and sell it for ₹680, the difference between the cost price and selling price represents what?
Flashcards
Cost Price
Cost Price
The original price paid for an item before selling.
Loss Percentage
Loss Percentage
The percentage of loss incurred on the cost price when an item is sold for less than what it cost.
Selling Price Calculation
Selling Price Calculation
Formula to find selling price: Selling Price = Cost Price - Loss Amount.
15% Loss on ₹800
15% Loss on ₹800
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Final Selling Price
Final Selling Price
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Study Notes
Profit & Loss Problem
-
A good is bought for 800 rupees
-
There is a loss of 15%
-
Calculate the selling price
-
Correct answer: 680 rupees
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