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An article was bought for Rs. 250 and sold at a loss of 5%. Find the selling price of the article.1. None of the above 2. Rs. 237.503. Rs. 239.504. Rs. 238.50 |
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Answer» Correct Answer - Option 2 : Rs. 237.50 Given: The cost price of the article is 250 rupees and sold at a loss of 5%. Formula used: S.P = [(100 - loss%)/100] × C.P Calculation: The selling price of the article is ⇒ [(100 - 5)/100] × 250 ⇒ (95/100) × 250 ⇒ (95 × 5)/2 ⇒ 237.50 rupees ∴ The required selling price of the article is 237.50 rupees. |
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