achel bought a bag for $750 and sold it for a loss of $32. What is the selling price of the bag? Ops: A. $782 B. $825 C. $718 D. $850
Question
Rachel bought a bag for 32. What is the selling price of the bag?
Ops:
A. 825
C. 850
Solution
1. Break Down the Problem
To find the selling price of the bag, we need to determine how much Rachel lost on the sale and subtract that loss from the initial purchase price.
2. Relevant Concepts
The selling price can be calculated using the formula: Where:
- Cost Price = $750
- Loss = $32
3. Analysis and Detail
Using the values given:
Now, plugging in the values into the formula:
4. Verify and Summarize
Calculating the above expression:
Final Answer
The selling price of the bag is $718 (Option C).
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