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A man bought a watch for $200 and sold it at a loss of 10%. What is the selling

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Question: A man bought a watch for $200 and sold it at a loss of 10%. What is the selling price?

Options:

  1. $180
  2. $190
  3. $200
  4. $210

Correct Answer: $180

Solution: 

Loss = 10% of 200 = 20. Selling Price = Cost Price - Loss = 200 - 20 = 180.

A man bought a watch for $200 and sold it at a loss of 10%. What is the selling

Practice Questions

Q1
A man bought a watch for $200 and sold it at a loss of 10%. What is the selling price?
  1. $180
  2. $190
  3. $200
  4. $210

Questions & Step-by-Step Solutions

A man bought a watch for $200 and sold it at a loss of 10%. What is the selling price?
  • Step 1: Identify the cost price of the watch, which is $200.
  • Step 2: Calculate the loss percentage, which is 10%.
  • Step 3: Find the amount of loss by calculating 10% of $200. This is done by multiplying 200 by 0.10, which equals $20.
  • Step 4: Subtract the loss from the cost price to find the selling price. This is done by taking $200 and subtracting $20, which equals $180.
  • Step 5: The selling price of the watch is $180.
  • Percentage Loss Calculation – Understanding how to calculate a percentage loss from a cost price.
  • Selling Price Calculation – Knowing how to determine the selling price after accounting for loss.
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