A man buys a toy for ₹400 and sells it at a loss of 15%. What is the selling price of the toy?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹340
The selling price (S) of the toy can be calculated as follows:
Selling price = Cost price − Loss
Loss = 15% of Cost price = 0.15 × 400 = ₹60
Therefore,
Selling price = Cost price − Loss = 400 − 60 = ₹340
Hence, the selling price of the toy is ₹340.