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A table costing 750 was sold at 4% loss....

A table costing 750 was sold at 4% loss. Find out the selling price of the table.

A

Rs 720

B

Rs 745

C

Rs 730

D

Rs 780

Text Solution

AI Generated Solution

The correct Answer is:
To find the selling price of the table that was sold at a 4% loss, we can follow these steps: ### Step 1: Identify the Cost Price (CP) and Loss Percentage - The cost price (CP) of the table is given as Rs 750. - The loss percentage is given as 4%. ### Step 2: Calculate the Loss Amount To find the loss amount, we can use the formula: \[ \text{Loss} = \left(\frac{\text{Loss Percentage}}{100}\right) \times \text{Cost Price} \] Substituting the values: \[ \text{Loss} = \left(\frac{4}{100}\right) \times 750 = 0.04 \times 750 = 30 \] ### Step 3: 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: \[ \text{Selling Price} = 750 - 30 = 720 \] ### Conclusion The selling price of the table is Rs 720. ---
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