A man buys an item at Rs. 1300 and sells it at the loss of 20 percent. Then what is the selling price of that item  Choose the correct choice from the following choices.
A) rs . 660	B) rs . 760	C) rs . 860	D) rs . 1040	E) none of these

Rationale: explanation : here always remember , when ever x % loss , it means s . p . = ( 100 - x ) % of c . p when ever x % profit , it means s . p . = ( 100 + x ) % of c . p so here will be ( 100 - x ) % of c . p . = 80 % of 1300 = 80 / 100 * 1300 = 1040 option d
Answer: D