Rajesh buys a cycle for ₹ 1400 sells it at a loss of 40% What is the selling price of the cycle?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹ 840
CP of the cycle = Rs. 1400
Loss = 40%
Loss% = × 100
40 = × 100
560 = 1400 - SP
SP = 1400 - 560
SP = 840