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A seller bought a laptop for $800 and sold it at a loss of 10%. What was the sel

Practice Questions

Q1
A seller bought a laptop for $800 and sold it at a loss of 10%. What was the selling price?
  1. $720
  2. $740
  3. $760
  4. $780

Questions & Step-by-Step Solutions

A seller bought a laptop for $800 and sold it at a loss of 10%. What was the selling price?
  • Step 1: Identify the cost price of the laptop, which is $800.
  • Step 2: Calculate the loss percentage, which is 10%.
  • Step 3: Find out how much money 10% of $800 is. To do this, multiply $800 by 0.10 (which is the decimal form of 10%).
  • Step 4: Calculate 10% of $800: 800 * 0.10 = $80.
  • Step 5: Subtract the loss ($80) from the cost price ($800) to find the selling price.
  • Step 6: Selling Price = Cost Price - Loss = 800 - 80 = $720.
  • Cost Price and Loss Calculation – Understanding how to calculate selling price based on cost price and percentage loss.
  • Percentage Calculation – Ability to compute a percentage of a given number.
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