Q: When a person sells a watch for Rs. 1140, he suffers a 5% loss. What price should the watch be sold for to make a 5% profit?

A 1000
B 1200
C 1260
D 1400

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Answer: B

Explanation:

Let the new S.P be Rs. X. Then,
(100 – loss%) : (1st S.P.) = (100 + gain%) : ( 2nd SP.)
$\to (\frac{100 - 5}{1140}) = (\frac{100 + 5}{x}) \to x = (\frac{105 + 1140}{95}) = 1260.$

Profit and Loss

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Q: When a person sells a watch for Rs. 1140, he suffers a 5% loss. What price should the watch be sold for to make a 5% profit?

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