If Sameer buys a book for 500 RS and sells at a loss of 3% how much RS did he sell the book at? 485
- Rs. 485
- Rs. 490
- Rs. 495
- Rs. 515
Explanation
To calculate the selling price after a 3% loss, use the formula:
Selling Price = Cost Price × (1 - Loss%)
= 500 × (1 - 0.03)
= 500 × 0.97 = Rs. 485
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