A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item
Choose the correct answer:	A) rs . 660	B) rs . 760	C) rs . 860	D) rs . 960	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 1200 = 80 / 100 * 1200 = 960 option d"
Answer: D