Q:
A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item
Answer & Explanation
Answer: D) Rs. 960
Explanation: Here always remember, when ever x% loss,
it means S.P. = (100 - x)% of C.P
when ever x% profit,
it means S.P. = (100 + x)% of C.P
So here will be (100 - x)% of C.P.
= 80% of 1200
= (80/100) * 1200
= 960
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