A merchant buys an article for ₹ 18,960 and sells it at a 15\% loss. What is the selling price of the article? - Quantitative Aptitude MCQ Practice Test 2026 | ExamTest.live

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A merchant buys an article for ₹ 18, 960 and sells it at a 15% loss. What is the selling price of the article?

Solution & Step-by-step Explanation

Given: Cost Price (CP) = ₹ 18, 960 Loss Percentage = 15% The formula for Selling Price (SP) in case of loss is: SP = CP \times (\frac{100 - Loss %}{100}) SP = 18960 \times (\frac{100 - 15}{100}) SP = 18960 \times \frac{85}{100} SP = 18960 \times 0.85 SP = 16116 Thus, the selling price of the article is ₹ 16, 116 .

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A merchant buys an article for ₹ 18, 960 and sells it at a 15% loss. What is the selling price of the article?

₹ 16, 275

₹ 14, 106

₹ 16, 116

₹ 14, 450

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