A man buys a cycle for Rs. 1600 and sells it at a loss of 12%. What is the selling price of the cycle?	Choose one:
A) 1410 B) 1420 C) 1430 D) 1408 E) 1540

Rationale: s . p . = 88 % of rs . 1600 = 88 / 100 x 1600 = rs . 1408 answer : d
Answer: D