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Question
Sanjay sold his watch for ₹1140 and thereby loses 5%. In order to gain 5%, he has to sell the watch for
Options
₹ 1254
₹ 1260
₹ 1197
₹ 1311
MCQ
Solution
₹ 1260
Explanation:
SP of watch = 1140, Loss % = 5%
CP`=100/95xx1140` ..........`[∵"CP" = ((100)/(100-"L"%))"SP"]`
SP at 5% gain`=105/100xx100/95xx1140=₹ 1260`
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Profit and Loss (Entrance Exam)
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