Arithmetic Aptitudes → Profit and Loss → MCQ Details
MCQ Practice Single Best Answer Topic: Profit and Loss

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?

Question ID
#6191
Subchapter
Profit and Loss
Action
Choose one option below

Choose Your Answer

Click an option to check whether your answer is correct.

  • A 1000 ✔ ✖
  • B 1200 ✔ ✖
  • C 1260 ✔ ✖
  • D 1400 ✔ ✖
Correct Answer: B

Explanation

Let the new S.P be Rs. X. Then,
(100 – loss%) : (1st S.P.) = (100 + gain%) : ( 2nd SP.)
→ ( 100 − 5 1140 ) = ( 100 + 5 x ) →   x = ( 105 + 1140 95 ) = 1260.

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