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A man buys an article for Rs.500 and sells it at a loss of 8%. Selling price is:
ARs. 440
BRs. 460
CRs. 480
DRs. 540
Answer & Solution
Correct answer: B. Rs. 460
1. Loss of 8% on Rs.500 = 500 × 0.08 = 40.
2. Selling price = 500 − 40 = 460.
3. Therefore Rs. 460.
_Source: KMAT Karnataka 2022 PYQ Q.72_
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