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Question

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

A
Rs.1200
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B
Rs.1230
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C
Rs.1260
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D
Rs.1290
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Solution

The correct option is C Rs.1260
Formulas required for this sum:
Cost price(C.P)=100100Loss%×Selling price

Selling price(S.P)=100+Profit%100%×Cost price
Loss%=5%
S.P=Rs 1140

C.P=1001005×1140

C.P=10095×1140
C.P=1200
We found that the Cost price is Rs 1200
Profit%=5%

S.P=100+5100×1200


S.P=105100×1200
S.P=Rs 1260

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