A person buys a table fan for Rs. 1,800 and sells it at a loss of 25%. What is the selling price of the table fan?
- ARs. 1,300
- BRs. 1,350
- CRs. 1,400
- DRs. 1,450
Solution & Step-by-step Explanation
Given parameters:
Cost Price (CP) =Rs. 1,800
Loss Percentage =25%
The formula for Selling Price (SP) when running a loss is:
SP=CP×(1−
100
Loss%
)
SP=1800×(1−
100
25
)
SP=1800×
100
75
SP=1800×
4
3
SP=450×3=Rs. 1,350
Cost Price (CP) =Rs. 1,800
Loss Percentage =25%
The formula for Selling Price (SP) when running a loss is:
SP=CP×(1−
100
Loss%
)
SP=1800×(1−
100
25
)
SP=1800×
100
75
SP=1800×
4
3
SP=450×3=Rs. 1,350