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Amina buys a book for ₹275 and sells it at a loss of 15%. What is the selling price of the book?

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₹233.75

₹223.35

₹253.75

₹243.35

answer is A.

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Detailed Solution

From the given data, we have,
Cost Price of the book (CP) = ₹275. …. (1)
Loss % = 15%. .… (2)
Find the selling price of the book.
We know that,

S P = 100 − l o s s % 100 × C P

Substitute the values from equations (1) and (2) in the above formula, and we get,

S P = 100 − 15 100 × 275

⇒ SP= 85100 × 275

⇒ SP = 0 .85 × 275 ⇒ SP = 233 .75

Therefore, if a book is bought for ₹275 and sold for a 15% loss, then the selling price of the book is ₹233.75.
Hence, option (1) is correct.

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