Selling watch for Rs. 1140 a man loses 5%. What should be the selling price of
gain is 5%?
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Answer:
S.P. of the watch = Rs. 1140
Loss% = 5%
We know, the formula for finding the cost price of the watch is as follows
C.P. = [100 / (100-L%)] * S.P.
⇒ C.P. = [100 / (100-5)] * 1140 = Rs. 1200
Now, the selling price of the watch in order to earn a gain of 5% is,
S.P. = [(100-G%)/100] * C.P.
⇒ S.P. = [(100-5)/100] * 1200
⇒ S.P. = Rs. 1260
Thus, the man should sell the watch for Rs. 1260.
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