A bag is bought for ₹2,000 and sold at a loss of 5%. Find its selling price.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹1,900
Cost Price (CP) = ₹2,000
Loss = 5%
Loss = 5% of 2000 = ₹100
Selling Price (SP) = CP − Loss = 2000 − 100 = ₹1,900