Question

Liam incurs a loss of 5% by selling a watch for rs 1140. at what price should the watch be sold at a 5% profit?

Answer 1

Loss=5%
SP=1140
CP=100/100-5*1140
=100/95*1140
=1200
CP=1200
Profit=5%
SP=105/100*1200
Sp=1260

HE SHOULD SOLD THE WATCH FOR 1260 TO GAIN 5% PROFIT

Answer 2

SP= RS. 1140
LOSS% = 5%
CP = 100×SP/100-LOSS%
= 100×1140/100-5
= 100×1140/95
= RS. 1200

CP = RS. 1200
PROFIT = 5%
SP = CP×(100+PROFIT%)/ 100
= 1200×(100+5%)/100
= 1200 × 105/100
= 1260
SP = RS. 1260