Arithmetic Ability
Profit and Loss

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Q.

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.

View Answer

Correct choice: C

Explanation:

Let the new S.P be x, then (100 - loss%) : (1st S.P.) = (100 + gain%) : (2nd S.P.) ⇒(95/1140=105/x) => x = 1260
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