CSAT: Selling Price Calculation Quiz

Question

A man buys a watch for ₹800 and sells it at a loss of 10%. What is the selling price (SP) of the watch?

Accepted Answer

The man bought the watch for ₹800. He sold it at a loss of 10%, which means he sold it for less than he paid. Calculate the loss amount: Loss = 10% of 800 = 0.1 × 800 = 80 Subtract the loss from the cost price to get the selling price: SP = 800 − 80 = 720 So, the watch was sold for ₹720. Answer: ₹720

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₹700

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₹720

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₹750

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₹750

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