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  • A person incurs a loss of 5% by selling a watch for Rs. 1...
Multiple choice

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

  1. Rs. 1260

  2. Rs. 1200

  3. Rs. 1083

  4. Rs. 1197

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost price = 1140*100/95 = 1200 5% profit = 1200*5/100 = 60 So, the new selling price = 1200 + 60 = 1260 Hence, this option is correct.

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