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The problem asks for the selling price of a gold ring sold at a 26% loss. The cost price of the gold ring is ₹38,500.

### Step-by-step solution:
1. **Loss percentage formula**:
   The formula for selling price when there's a loss is:
   \[
   \text{Selling Price} = \text{Cost Price} \times \left(1 - \frac{\text{Loss Percentage}}{100}\right)
   \]
   
2. **Substituting values**:
   \[
   \text{Selling Price} = 38,500 \times \left(1 - \frac{26}{100}\right)
   \]
   \[
   \text{Selling Price} = 38,500 \times (1 - 0.26)
   \]
   \[
   \text{Selling Price} = 38,500 \times 0.74
   \]

3. **Calculation**:
   \[
   \text{Selling Price} = 28,490
   \]

Thus, the correct selling price is **₹28,490**, which matches option 1.

Would you like more details or further explanation?

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Here are 5 related questions you might find interesting:
1. How do you calculate the cost price if the selling price and loss percentage are known?
2. What would be the selling price if the loss was 15% instead of 26%?
3. How does the loss percentage affect the selling price mathematically?
4. How do you calculate the profit percentage if the selling price is given higher than the cost price?
5. What happens to the selling price if there is a 0% loss?

**Tip:** Always make sure to clearly distinguish between cost price, selling price, and percentage loss or gain in word problems.

Samridhi sold a gold ring at a loss of 26%. If the cost price of the gold ring is ₹38,500, what is the selling price of the gold ring?

Learn how to calculate the selling price of a gold ring sold at a 26% loss. This problem covers percentage-based loss and profit calculations, using a detailed step-by-step formula. Suitable for students in Grades 6-8.

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