A stock is sold at a loss of 10%. If the cost price is $500, what is the selling

₹0.0

Question: A stock is sold at a loss of 10%. If the cost price is $500, what is the selling price?

Options:

Correct Answer: $450

Solution:

Selling Price = Cost Price - (Loss% of Cost Price) = 500 - (10/100 * 500) = 500 - 50 = $450

A stock is sold at a loss of 10%. If the cost price is $500, what is the selling price?

A stock is sold at a loss of 10%. If the cost price is $500, what is the selling price?

Step 1: Identify the cost price of the stock, which is $500.
Step 2: Determine the loss percentage, which is 10%.
Step 3: Calculate the amount of loss by using the formula: Loss = (Loss% / 100) * Cost Price.
Step 4: Substitute the values: Loss = (10 / 100) * 500.
Step 5: Calculate the loss amount: Loss = 0.10 * 500 = $50.
Step 6: Calculate the selling price by subtracting the loss from the cost price: Selling Price = Cost Price - Loss.
Step 7: Substitute the values: Selling Price = 500 - 50.
Step 8: Calculate the selling price: Selling Price = $450.

Loss Calculation – Understanding how to calculate selling price based on cost price and percentage loss.