1.

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»

Rs. 960



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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