Question

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

Answer 1

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Answer 2

Given:

Selling price of the watch = Rs. 1140

Loss = 5%

To Find:

Price of the watch to be sold so as to earn 5% profit.

Solution:

Let the second SP be = x

Thus,

(100 - Loss%) : ( First S.P) = (100 + gain%) ( Second S.P)

= 100 - 5 / 1140 = 100 + 5/x

= 95/ 1140 = 105/x

x = 105 x 1140/95

x = 1260

Answer: Thus, the watch should be sold at Rs. 1260 to make a profit of 5%.