Question

41. If a watch is sold for 120, there is a loss of
15%. For a profit of 2%, the watch should be
sold for
(a) 144 (b) * 175 (c) 185
(d) 165​

Answer 1

Answer:

(b) ₹175

Step-by-step explanation:

Selling Price (SP) = ₹120

Loss = 15%

=> (100-15)% of CP = SP

=> 85% of CP = ₹120

=> 85/100 × CP = ₹120

=> CP = ₹120 × 100/85

=> CP = ₹146

Profit = 20%

=> New SP = 120% of CP = 120/100 × ₹146 = ₹175