a man buys a cycle for rs. 1400 and sells it at a loss of 15%. what is the selling price of the cycle?
A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
Answer:
To find the selling price of the cycle after a 15% loss, you first need to calculate the amount of the loss.
Step 1: Calculate the loss amount.
Loss % = 15%
Loss = 15% of Rs. 1400 = \frac{15}{100} \times 1400
Loss = Rs. 210
Step 2: Calculate the selling price.
Selling Price = Cost Price - Loss
Selling Price = Rs. 1400 - Rs. 210
Selling Price = Rs. 1190
Therefore, the selling price of the cycle after a 15% loss is Rs. 1190.