A bicycle is bought for Taka 200 and sold at a loss of 10%. Calculate the selling price and the amount of loss incurred.

Question: A bicycle is bought for Taka 200 and sold at a loss of 10%. Calculate the selling price and the amount of loss incurred.

Solution:
Cost Price of the bicycle = Taka 200
Loss Percentage = 10%
Loss Amount = Loss Percentage × Cost Price = 10% × Taka 200 = Taka 20
Selling Price = Cost Price - Loss Amount = Taka 200 - Taka 20 = Taka 180