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If the price of a shirt is $40 and it is sold at a loss of 10%, what is the sell

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Question: If the price of a shirt is $40 and it is sold at a loss of 10%, what is the selling price?

Options:

  1. $36
  2. $38
  3. $40
  4. $42

Correct Answer: $36

Solution: 

Selling Price = Cost Price - Loss = 40 - (10% of 40) = 40 - 4 = $36

If the price of a shirt is $40 and it is sold at a loss of 10%, what is the sell

Practice Questions

Q1
If the price of a shirt is $40 and it is sold at a loss of 10%, what is the selling price?
  1. $36
  2. $38
  3. $40
  4. $42

Questions & Step-by-Step Solutions

If the price of a shirt is $40 and it is sold at a loss of 10%, what is the selling price?
  • Step 1: Identify the cost price of the shirt, which is $40.
  • Step 2: Calculate the loss percentage, which is 10%.
  • Step 3: Find out how much money 10% of $40 is. To do this, multiply 40 by 0.10 (which is 10% in decimal form). This gives you $4.
  • Step 4: Subtract the loss ($4) from the cost price ($40). So, $40 - $4 = $36.
  • Step 5: The selling price of the shirt is $36.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount and apply it to find the selling price after a loss.
  • Loss Calculation – Knowing how to determine the selling price when a product is sold at a loss.
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