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:
When the man sells the cycle at a loss of 15%, it means he is selling it for 85% of the buying price (100% - 15% = 85%).
To find the selling price, we need to calculate 85% of Rs.1400.
First, calculate 1% of Rs.1400 by dividing 1400 by 100, which is Rs.14.
Next, to find 85%, we need to multiply 14 by 85, which equals Rs.1190.
Therefore, the selling price of the cycle is Rs.1190.
So, the man sells the cycle for Rs.1190 after incurring a 15% loss of the buying price.