A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

Options

A. Rs. 1202
B. Rs. 1190
C. Rs. 1160
D. Rs. 1000

Answer

To find the selling price of the cycle after a loss of 15%, we can follow these steps:

### Step 1: Identify the Cost Price (CP)
The cost price of the cycle is given as Rs. 1400.

### Step 2: Calculate the Loss Percentage
The loss percentage is given as 15%.

### Step 3: Calculate the Amount of Loss
To find the amount of loss, we can use the formula:
\[ \text{Loss} = \left(\frac{\text{Loss Percentage}}{100}\right) \times \text{Cost Price} \]
Substituting the values:
\[ \text{Loss} = \left(\frac{15}{100}\right) \times 1400 = 0.15 \times 1400 = 210 \]

### Step 4: Calculate the Selling Price (SP)
The selling price can be calculated using the formula:
\[ \text{Selling Price} = \text{Cost Price} - \text{Loss} \]
Substituting the values:
\[ \text{Selling Price} = 1400 - 210 = 1190 \]

### Conclusion
The selling price of the cycle is Rs. 1190.

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