Question : If the cost price of a refrigerator is Rs. 17200 and the loss percentage is 8%, then what is the selling price (in Rs.) of the refrigerator?
Option 1: Rs. 15824
Option 2: Rs. 14564
Option 3: Rs. 14444
Option 4: Rs. 15500
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Correct Answer: Rs. 15824
Solution :
Cost price of a refrigerator = Rs. 17200
Loss percentage = 8%
We know that,
Selling price = $\frac{(100-\text{loss percentage})}{100}\times$ Cost price
= $\frac{(100-8)}{100}\times17200$
= $\frac{92}{100}\times17200$
= Rs. 15824
Hence, the correct answer is Rs. 15824.
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