A man buys an article for Rs.3,200 and sells it at a loss of 12%. What is the selling price of the article?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e Rs.2,816
Cost Price = Rs. 3200
Loss = 12%
Selling Price = 3200 × (100 - 12 / 100)
⇒ 3200 × 88 / 100
⇒ Rs. 2816