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Question

A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

A Rs.1200 Correct Answer Incorrect Answer
B Rs. 1230 Correct Answer Incorrect Answer
C Rs.1260 Correct Answer Incorrect Answer
D Rs. 1290 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Let the new S.P be x, then
(100 - loss%) : (1st S.P.) = (100 + gain%) : (2nd S.P.) `=>(95/1140=105/x)=>x=1260`

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