A man buys an article for ₹3,200 and s

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man buys an article for ₹3,200 and sells it at a loss of 12%. What is the selling price of the article?

Options:

₹3,012

₹2,816

₹2,856

₹3,428

Correct Answer:

₹2,816

Explanation:

Cost price of a article = 3,200

Loss = 12%

Now the selling price of the article = 3,200 × \(\frac{88}{100}\) = ₹2,816