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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 750andsolditforalossof750 and sold it for a loss of 32. What is the selling price of the bag?

Ops:
A. 782B.782 B. 825
C. 718D.718 D. 850

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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: Selling Price=Cost PriceLoss \text{Selling Price} = \text{Cost Price} - \text{Loss} Where:

  • Cost Price = $750
  • Loss = $32

3. Analysis and Detail

Using the values given:

  1. Cost Price=750 \text{Cost Price} = 750
  2. Loss=32 \text{Loss} = 32

Now, plugging in the values into the formula: Selling Price=75032 \text{Selling Price} = 750 - 32

4. Verify and Summarize

Calculating the above expression: Selling Price=75032=718 \text{Selling Price} = 750 - 32 = 718

Final Answer

The selling price of the bag is $718 (Option C).

This problem has been solved

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