A person buys a ceiling fan for ₹2,200 and sells it at a loss of 35%. What is the selling price of the ceiling fan?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹1,430 .
Cost price = ₹2200
Loss = 35% of ₹2200
= (35 ÷ 100) × 2200 = 770
Selling price = Cost price − Loss = 2200 − 770 = 1430