Answer
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Hint: To solve this problem, we should know the basics of profit and loss. In this problem, we would subtract 15% of the original price (Rs 1400) from the original price to get the selling price of the cycle.
Complete step by step solution:
A man buying a cycle for Rs 1400 and selling it for loss of 15%.
Now, we first calculate 15% of 1400. We have,
0.15 $\times $ 1400 = 210
Now, we subtract this from the original price to get the selling price, we get
Selling price = 1400 – 210 = Rs 1190
Hence, the correct option is (c) Rs 1190.
Note: A general method to solve problems related to profit and loss is to use this formula. We get –
Selling price = Original Price $\left( 1\pm \dfrac{r}{100} \right)$
Where, r is the profit/loss percentage. We use the positive sign when there is a profit question and negative sign is used when there is a problem on loss.
Complete step by step solution:
A man buying a cycle for Rs 1400 and selling it for loss of 15%.
Now, we first calculate 15% of 1400. We have,
0.15 $\times $ 1400 = 210
Now, we subtract this from the original price to get the selling price, we get
Selling price = 1400 – 210 = Rs 1190
Hence, the correct option is (c) Rs 1190.
Note: A general method to solve problems related to profit and loss is to use this formula. We get –
Selling price = Original Price $\left( 1\pm \dfrac{r}{100} \right)$
Where, r is the profit/loss percentage. We use the positive sign when there is a profit question and negative sign is used when there is a problem on loss.
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