A man buys a cycle for Rs. 1600 and sells it at a loss of 20%. What is the selling price of the cycle?
Choose the correct choice from the following choices:  A) 1410  B) 1420  C) 1430  D) 1440  E) 1280

Rationale: "s . p . = 80 % of rs . 1600 = 80 / 100 x 1600 = rs . 1280 answer : e"
Answer: E