A toy bought for Rs. $250$ is sold at a loss of $12\%$. The selling price is

A toy bought for Rs. $250$ is sold at a loss of $12\%$. The selling price is
  1. Rs. $215$
  2. Rs. $220$
  3. Rs. $225$
  4. Rs. $238$

Solution

Loss $= 12\%$ of $250 = \dfrac{12}{100} \times 250 = 30$. SP $= 250 - 30 = 220$.

Asked in: IMO

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