A man bought a watch for ₹1500 and sold it at a loss of 8%. What is the selling price?
Show answer & explanation
Correct answer: A
Explanation
Given:
Cost Price = ₹1500
Loss = 8%
By the formula:
SP = CP × (100 − Loss%)/100
SP = 1500 × 92/100 = 1380
Selling Price = ₹1380