A stock is sold at a loss of 10%. If the cost price is $300, what is the selling

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Question: A stock is sold at a loss of 10%. If the cost price is $300, what is the selling price?

Options:

Correct Answer: $270

Solution:

Selling Price = Cost Price - (Loss% of Cost Price) = 300 - (10/100 * 300) = 300 - 30 = $270

A stock is sold at a loss of 10%. If the cost price is $300, what is the selling price?

A stock is sold at a loss of 10%. If the cost price is $300, what is the selling price?

Step 1: Identify the cost price of the stock, which is $300.
Step 2: Determine the loss percentage, which is 10%.
Step 3: Calculate the amount of loss by multiplying the cost price by the loss percentage: 10/100 * 300.
Step 4: Perform the multiplication: 10/100 * 300 = 30.
Step 5: Subtract the loss amount from the cost price to find the selling price: 300 - 30.
Step 6: Perform the subtraction: 300 - 30 = 270.
Step 7: Conclude that the selling price of the stock is $270.

Loss Calculation – Understanding how to calculate the selling price when a stock is sold at a loss, using the formula: Selling Price = Cost Price - (Loss% of Cost Price).
Percentage Calculation – Applying percentage calculations to determine the amount of loss based on the cost price.