A man buys a fan for ₹1000 and sells it at a loss of 15% . What is the selling price of the fan.
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Answer: SP = ₹850
Step-by-step explanation:
We know : CP = ₹1000 ; LOSS% = 15 ; S.P = ?
Formula : S.P = (100-loss%) * CP / 100
So, according to this formula -
S.P = (100-15) * 1000 / 100 ; 85 * 1000 / 100 ; 850
SO SP = ₹ 850
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