Question

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

• A. $Rs.1380$
• B. $Rs.1150$
• C. $Rs.1160$
• D. $Rs.1400$

Answer 1

The correct option is B $Rs.1150$

A person selling a watch for $Rs1140$. then he incured loss of $5Rs$

$SP=1140$ loss $=5$

$CP=SP+loss$

$CP=1145$

Now, for $5Rs$ profit

$SP=CP+profit$

$SP=1145+5$

$Rs\Rightarrow 1150$