Question

A shopkeeper loses 5 % by selling a watch for Rs. 1140. For how much he should sell it to gain 8 %.

Answer 1

Step-by-step explanation:

Cost price= 100/(100-% loss) x Sale price

=100/(100–5) x 1140

= 100/95 x 1140= 1200

If the profit should be 5% then the sale price should be

= Sale Price=(100+%profit)/100x C.P = (100+5)/100 x 1200

= Rs. 1260. To summarize if the shopkeeper sells the watch for Rs. 1260, he will get a profit of 5% .