A dealer incurs a loss of 5 % if he sells an article for Rs. 1805. What price…

2025

A dealer incurs a loss of 5 % if he sells an article for Rs. 1805. What price must he sell the article so as to gain 5 % on that article ?

  1. A.

    1908

  2. B.

    1974

  3. C.

    1995

  4. D.

    1987

Attempted by 1 students.

Show answer & explanation

Correct answer: C

Step-by-Step Solution

To find the required selling price, we first determine the cost price (CP) of the article.

  1. Calculate the Cost Price (CP):

    • A loss of 5% means the selling price (SP) is 95% of the CP.

    • 0.95 * CP = 1805

    • CP = 1805 / 0.95

    • CP = 1900

  2. Calculate the new Selling Price (SP) for a 5% gain:

    • A gain of 5% means the new SP should be 105% of the CP.

    • New SP = 1.05 * CP

    • New SP = 1.05 * 1900

    • New SP = 1995

Explore the full course: Amcat Preparation