Question

Selling a watch at Rs. 304 incurs a loss of 5%. At what price will the watch be sold at 5% profit​

Answer 1

Step-by-step explanation:

Formulas required for this sum:

Cost price(C.P)=100−Loss%100×Selling price

Selling price(S.P)=100%100+Profit%×Cost price

Loss%=5%

S.P=Rs 1140

C.P=100−5100×1140

C.P=95100×1140

C.P=1200

We found that the Cost price is Rs 1200

Profit%=5%

S.P=100100+5×1200

S.P=100105×1200

S.P=Rs 1260