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Aman buys an article for Rs. 3,200 and s...

Aman buys an article for Rs. 3,200 and sells it at a loss of 12%. What is the selling price of the article?

A

3,012 rs.

B

2,816 rs.

C

3,428 rs.

D

2,856 rs.

Text Solution

AI Generated Solution

The correct Answer is:
To find the selling price of an article that Aman buys for Rs. 3,200 and sells at a loss of 12%, we can follow these steps: ### Step 1: Understand the loss percentage Aman sells the article at a loss of 12%. This means he sells it for 12% less than the cost price (CP). ### Step 2: Calculate the loss amount To find the loss amount, we can use the formula: \[ \text{Loss} = \text{Cost Price} \times \left(\frac{\text{Loss Percentage}}{100}\right) \] Substituting the values: \[ \text{Loss} = 3200 \times \left(\frac{12}{100}\right) = 3200 \times 0.12 = 384 \] ### Step 3: Calculate the selling price The selling price (SP) can be calculated by subtracting the loss from the cost price: \[ \text{Selling Price} = \text{Cost Price} - \text{Loss} \] Substituting the values: \[ \text{Selling Price} = 3200 - 384 = 2816 \] ### Final Answer The selling price of the article is Rs. 2,816. ---
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