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Profit, Loss & Discount · Question 6 of 72

Question 6

EasyOriginal question

A dealer bought a water purifier for ₹3,500. It is an old model, and he has to sell it at a loss of 12%. What is the selling price?

Options for question 6

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. SP = 3500×881003500 \times \frac{88}{100}.

  2. SP = ₹3,080.

Worth noting

₹3,920 is a 12% profit, not a loss. ₹3,488 subtracts 12 rupees instead of 12%.

Concept
Selling price from cost price and loss %
Typical time
30 s
Your time
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The rule this testsProfit and loss
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