Question

A car which costs $ 177,000 is sold at a loss of 14% on the cost price. Find its selling price.​

Answer 1

The selling price of the car is $152,220.

Explanation:

To find the selling price of a car that is sold at a loss of 14% on the cost price, we can follow these steps:

Calculate the amount of the loss:

Loss = 14% of the cost price

Loss = 14/100 * $177,000

Subtract the loss from the cost price to find the selling price:

Selling Price = Cost Price - Loss

Selling Price = $177,000 - (14/100 * $177,000)

Simplify the expression:

Selling Price = $177,000 - ($24,780)

Selling Price = $152,220