A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price…
2025
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.
1200
- B.
1260
- C.
1280
- D.
1240
Attempted by 10 students.
Show answer & explanation
Correct answer: B
The person incurs a 5% loss by selling the watch for Rs. 1140, meaning 95% of the cost price equals 1140. Solving for cost price gives 1140 / 0.95 = 1200. To earn a 5% profit, the selling price should be 105% of the cost price: 1200 * 1.05 = 1260.