Subjects algebra

Selling Price Loss 73B540

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1. **State the problem:** Amina bought a pair of shoes for 2500 shillings and sold them at a 20% loss. We need to find the selling price. 2. **Formula used:** Selling Price (SP) when there is a loss is given by: $$SP = CP - (Loss\% \times CP)$$ where $CP$ is the cost price. 3. **Calculate the loss amount:** Loss\% = 20\% = 0.20 Loss amount = $0.20 \times 2500 = 500$ 4. **Calculate the selling price:** $$SP = 2500 - 500 = 2000$$ 5. **Answer:** Amina sold the shoes for 2000 shillings.