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  1. A man buys a cycle for $ 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
    1. $ 1202
    2. $ 1190
    3. $ 1160
    4. $ 1000
Correct Option: B

As per the given question ,
Given , Cost price of cycle ( C.P. ) = $ 1400 , Loss = 15%

Selling price ( S.P. ) = Cost price ×
( 100 - Loss )
100

Selling price = 1400 ×
( 100 - 15 )
100

Selling price = 1400 ×
85
= $ 1190
100



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