Reena buys an iron for ₹900 and sells it at a loss of 12%. What is the selling price of the iron?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹792.
Cost Price = ₹900
Loss% = 12%
Selling Price = 900 - (12/100 × 900)
Selling Price = 900 - (12 × 9)
Selling Price = 900 - 108
Selling Price = ₹792