A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item

Options

A. Rs. 660
B. Rs,. 760
C. Rs. 860
D. Rs. 960

Answer

To find the selling price of an item when it is sold at a loss, we can follow these steps:

### Step-by-Step Solution:

1. **Identify the Cost Price (CP)**:
The cost price of the item is given as Rs. 1200.

2. **Identify the Loss Percentage**:
The loss percentage is given as 20%.

3. **Calculate the Selling Price (SP)**:
The formula to calculate the selling price when there is a loss is:
\[ SP = CP \times \left( \frac{100 - \text{Loss Percentage}}{100} \right) \]
Plugging in the values:
\[ SP = 1200 \times \left( \frac{100 - 20}{100} \right) \]

4. **Simplify the Calculation**:
\[ SP = 1200 \times \left( \frac{80}{100} \right) \]
\[ SP = 1200 \times 0.8 \]

5. **Final Calculation**:
\[ SP = 960 \]

Thus, the selling price of the item is **Rs. 960**.