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Finding Prices / Charges Related to Buying and Selling

Question

Sumeet bought an item at Rs. $100$ and sells it at the loss of $30$ percent. What is SP of that item?
$70$
$80$
$30$
$100$

A

70

B

100

C

80

D

30

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Solution

Verified by Toppr

The correct option is A $70$
Let $x$ % $=$ loss
SP $= (100 - x)$ % of XP
So loss will be $(100 - x)$ % of CP
$= 70$ % of $100 = \frac{70}{100} \times 100 = 70$

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